Daily market review for 01.09.2016

EUR/USD trades negatively, pair stayed at the level 1.11. GBP/USD trades in a narrow corridor and stay at the level 1.31. AUD/USD trades in a narrow corridor and decreased to the level 0.74. Currency pair USD/JPY increased to the level 103 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.98 and trades positively. Gold trades negatively, asset's price decreased to the level 1308.

Market news

For Europe pay attention to important news block at 7:45 and to ECB's Nowotny speech at 16:00 GMT time. For US there will be two important news blocks at 13:45 and 16:25 GMT time. For Britain pay attention to Manufacturing PMI for August at 8:30 GMT. For Switzerland pay attention to Retail Sales (YoY) for July at 7:15 and to SVME PMI for August GMT time. For Australia pay attention to already published news.

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 1.1165. The important level that prevents the fall is located at 1.1150. 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 1.3152. The important level that prevents the fall is located at 1.3127. 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 0.7546. The important level that prevents the fall is located at 0.7511. 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 103.35. The important level that prevents the fall is located at 103.05. 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 0.9850. The important level that prevents the fall is located at 0.9827. 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 1311. The important level that prevents the fall is located at 1305. 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.