Daily market review for 24.08.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.12. Pair GBP/USD trades negatively, and stay at the level 1.31. AUD/USD trades in a narrow corridor, and stay at the level 0.76. Currency pair USD/JPY stay at the level 100 and trades in a narrow corridor. Pair USD/CHF trades in a narrow corridor and stay at the level 0.96. Gold trades negatively, but asset's price decreased to the level 1336.

Market news

For Europe there will be an important news block at 6:00 GMT. For there will be one important news block at 13:45 GMT time. For Britain pay attention to BBA Mortgage Approvals at 8:30 GMT time. There will be no important news for Switzerland and Australia today.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1309. The important level that prevents the fall is located at 1.1291. 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 1.3201. The important level that prevents the fall is located at 1.3175. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7722. The important level that prevents the fall is located at 0.7583. 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 100.51. The important level that prevents the fall is located at 100.18. 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 0.9643. The important level that prevents the fall is located at 0.9625. 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. Important level that prevents the rise is located at 1339. The important level that prevents the fall is located at 1336. 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.