Daily market review for 28.07.2016

EUR/USD trades positively, pair decreased to the level 1.06. Currency pair USD/JPY decreased to the level 104 and trades in a narrow corridor. Pair USD/CHF trades in a narrow corridor and stay at level 0.98. GBP/USD trades in a narrow corridor and stay at the level 1.31. AUD/USD trades in a narrow corridor and increased to the level 0.75. Gold trades positively, but asset's price increased to the level 1339.

Market news

For Europe we recommend to pay attention to few important news blocks at 7:55 and 12:00 GMT time. For US there will be two important statistics: Goods Trade Balance for June and Initial Jobless Claims at 12:30 GMT. For Britain we recommend pay attention to important news block at 5:00 GMT time. There will be no important news for Switzerland and Australia today.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.1076. The important level that prevents the fall is located at 1.1051. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow corridor. Important level that prevents the rise is located at 105.29. The important level that prevents the fall is located at 104.61. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow corridor. The important level that prevents the rise is located at 0.9864. The important level that prevents the fall is located at 0.9845. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades in a narrow corridor. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.3247. The important level that prevents the fall is located at 1.3168. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow corridor. The important level that prevents the rise is located at 0.7529. The important level that prevents the fall is located at 0.7485. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. The important level that prevents the rise is located at 1340. The important level that prevents the fall is located at 1335. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.