Daily market review for 3.08.2016

EUR/USD trades in narrow corridor, pair increased to the level 1.12. Currency pair USD/JPY decreased to the level 101 and trades in a narrow corridor. Pair USD/CHF trades in a narrow corridor and decreased to the level 0.96. GBP/USD trades in a narrow corridor and increased to the level 1.33. AUD/USD trades negatively and stay at level 0.75. Gold trades in a narrow corridor, but asset's price increased to the level 1365.

Market news

For Europe we recommend to pay attention to an important news block at 7:15 GMT time. For US there will also an important news block at 12:15 GMT time. For Britain pay attention to Services PMI for July at 8:30 GMT time. For Switzerland and Australia there will be no important news today.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1221. The important level that prevents the fall is located at 1.1207. 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 101.33. The important level that prevents the fall is located at 100.74. 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. Moving averages stay up, that show a further increase The important level that prevents the rise is located at 0.9657. The important level that prevents the fall is located at 0.9640. 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 1.3350. The important level that prevents the fall is located at 1.3312. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7612. The important level that prevents the fall is located at 0.7588. 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. The important level that prevents the rise is located at 1365. The important level that prevents the fall is located at 1361. 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.