Daily market review for 29.08.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.12 GBP/USD trades in a narrow corridor and decreased to the level 1.31. AUD/USD trades in a narrow corridor and decreased to the level 0.75. Currency pair USD/JPY increased to the level 102 and trades positively. Pair USD/CHF increased to the level 0.97 and trades negatively. Gold trades in a narrow corridor, asset's price decreased to the level 1316.

Market news

For Europe there will no important news today. For US there will be two important news blocks at 12:30 and 15:30 GMT time. For Britain there will be no important news today. There will be no important news for Australia and Switzerland today.

Our recommendations

EUR/USD trades in a narrow corridor. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.1205. The important level that prevents the fall is located at 1.1179. 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. The important level that prevents the rise is located at 1.3137. The important level that prevents the fall is located at 1.3109. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7561. The important level that prevents the fall is located at 0.7523. 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 102.24. The important level that prevents the fall is located at 101.82. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.9786. The important level that prevents the fall is located at 0.9768. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow corridor. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1321. The important level that prevents the fall is located at 1314. 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.