Daily market review for 9.08.2016

EUR/USD trades negatively, pair decreased to the level 1.10. GBP/USD trades in a narrow corridor and decreased to the level 1.29. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at level 102 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.98 and trades positively. Gold trades negatively, asset's price decreased to the level 1333.

Market news

For Europe we recommend to pay attention to German Trade Balance for June at 6:00 GMT time. For US there will be an important news block 12:0 GMT time. For Britain there will be an important news block at 8:30 GMT time. For Switzerland we recommend pay attention to Unemployment Rate n.s.a. at 6:00 GMT. For Australia all important statistics are already published.

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 1.1089. The important level that prevents the fall is located at 1.1069. 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 1.3042. The important level that prevents the fall is located at 1.2976. 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 0.7663. The important level that prevents the fall is located at 0.7620. 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 102.52. The important level that prevents the fall is located at 102.26. 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 0.9834. The important level that prevents the fall is located at 0.9822. 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 1336. The important level that prevents the fall is located at 1332. 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.