Daily market review for 4.08.2016

EUR/USD trades in narrow corridor, pair decreased to the level 1.11. GBP/USD trades negatively and stay at the level 1.33. AUD/USD trades in a narrow corridor and increased to level 0.76. Currency pair USD/JPY stay at level 101 and trades positively. Pair USD/CHF trades in a narrow corridor and increased to the level 0.97. Gold negatively, asset's price decreased to the level 1350.

Market news

For Europe we recommend to pay attention to ECB Economic Bulletin at 8:00 GMT time. For US we recommend pay attention to Initial Jobless Claims at 12:30 and Factory Orders (MoM) for June at 14:00 GMT time. For Britain there will an important news block from 11:00 to 11:30 GMT time. For Switzerland and Australia pay attention to already published news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1155. The important level that prevents the fall is located at 1.1134. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.3344. The important level that prevents the fall is located at 1.3316. 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 0.7625. The important level that prevents the fall is located at 0.7582. 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 stay up, that show a further increase. Important level that prevents the rise is located at 101.44. The important level that prevents the fall is located at 100.85. 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 0.9734. The important level that prevents the fall is located at 0.9720. 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 1358. The important level that prevents the fall is located at 1349. 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.