Daily market review for 30.08.2017

EUR/USD trades negatively, pair stay at the level 1.19. GBP/USD trades in a narrow corridor and stay at the level 1.29. AUD/USD trades in a narrow corridor and stay at the level 0.79. Currency pair USD/JPY increased to the level 109 and trades positively. Pair USD/CHF stay at the level 0.95 and trades positively. Gold trades negatively and decreased to the level 1308.

For Europe, pay attention to German CPI (MoM) (Aug) at 12:00 GMT. For US, pay attention to news block at 13:30 and to Crude Oil Inventories at 14:30 GMT. For Britain, there will be no important news. For Switzerland, there will be no important news. For Australia, pay attention to KOF Leading Indicators (Aug) at 7:00 GMT.

Our recommendations

EUR/USD trades negatively. Moving averages are located down, that shows a further decrease. The important level that prevents the rise is located at 1.1983. The important level that prevents the fall is located at 1.1959. 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 1.2937. The important level that prevents the fall is located at 1.2917. 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 0.7994. The important level that prevents the fall is located at 0.7949. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages are located up, that shows a further increase. Important level that prevents the rise is located at 109.90. The important level that prevents the fall is located at 109.54. 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 are located up, that shows a further increase. The important level that prevents the rise is located 0.9569. The important level that prevents the fall is located at 0.9543. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages are located down, that shows a further decrease. The important level that prevents the rise is located 1313. The important level that prevents the fall is located at 1307. 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.