Daily market review for 01.08.2016

EUR/USD trades positively, pair increased to the level 1.11. Currency pair USD/JPY decreased to the level 102 and trades negatively. Pair USD/CHF trades negatively and decreased to the level 0.96. GBP/USD trades in a narrow corridor and stay at the level 1.32. AUD/USD trades in a narrow corridor and increased to the level 0.76. Gold trades in a narrow corridor, but asset's price increased to the level 1350.

Market news

For Europe, we recommend to pay attention to German Manufacturing PMI for July at 7:55 GMT time. For US pay attention to ISM Manufacturing PMI for July at 14:00 GMT. For Britain, pay attention to Manufacturing PMI for July. There will be no important news for Switzerland and Australia today.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.1181. The important level that prevents the fall is located at 1.1163. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, that show a further decrease. Important level that prevents the rise is located at 102.68. The important level that prevents the fall is located at 102.00. 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 0.9696. The important level that prevents the fall is located at 0.9680. 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 1.3271. The important level that prevents the fall is located at 1.3199. 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 0.7614. The important level that prevents the fall is located at 0.7578. 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 1354. The important level that prevents the fall is located at 1346. 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.