Daily market review for 02.08.2016

EUR/USD trades positively, pair stay at the level 1.11. Currency pair USD/JPY decreased to the level 102 and trades in a narrow corridor. Pair USD/CHF trades in a narrow corridor and stay at the level 0.96. GBP/USD trades in a narrow corridor and decreased to the level 1.31. AUD/USD trades negatively and decreased to the level 0.75. Gold trades in a narrow corridor, but asset's price decreased to the level 1349.

Market news

For Europe, we recommend to pay attention to Spanish Unemployment Change at 7:00 GMT time. For US there will be an important news block at 10:15 GMT time. For Britain, pay attention to Construction PMI for July at 8:30 GMT time. Pay attention to important news for Switzerland: Retail Sales (YoY) for June at 7:15 and SVME PMI for July at 7:30 GMT. For Australia, pay attention to already published news.

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 1.1174. The important level that prevents the fall is located at 1.1153. 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 102.82. The important level that prevents the fall is located at 102.22. 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 0.9694. The important level that prevents the fall is located at 0.9671. 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 1.3201. The important level that prevents the fall is located at 1.3171. 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 0.7647. The important level that prevents the fall is located at 0.7483. 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.