Daily market review for 29.07.2016

EUR/USD trades negatively, pair increased to the level 1.08. Currency pair USD/JPY decreased to the level 103 and trades in a narrow corridor. Pair USD/CHF trades positively and decreased to the level 0.97. 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 negatively, but asset's price decreased to the level 1337.

Market news

For Europe we recommend to pay attention to three important news blocks at 6:45, 7:00 and 9:00 GMT time. For US there will be two important news blocks, at 12:30 and 13:30 GMT time. For Britain there will be no important news today. For Switzerland pay attention to KOF Leading Indicators for July at 7:00 GMT time. Australia''s important news block is already published, but we recommend to pay attention to CFTC AUD speculative net positions at 19:30 GMT time.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.1094. The important level that prevents the fall is located at 1.1071. 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 105.63. 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 positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.9809. The important level that prevents the fall is located at 0.9774. 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 1.3215. The important level that prevents the fall is located at 1.3147. 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 0.7544. The important level that prevents the fall is located at 0.7502. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1341. The important level that prevents the fall is located at 1328. 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.