Daily market review for 02.09.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.12. GBP/USD trades negatively and increased to the level 1.32. AUD/USD trades in a narrow corridor and increased to the level 0.75. Currency pair USD/JPY increased to the level 103 and trades positively. Pair USD/CHF decreased to the level 0.97 and trades in narrow corridor. Gold trades negatively, asset's price increased to the level 1312.

Market news

For Europe pay attention to Spanish Unemployment Change at 7:00 and to CFTC EUR speculative net positions at 19:30 GMT time. For US there will be two important news blocks at 12:30 and 19:30 GMT time. For Britain pay attention to Construction PMI for August at 8:30 and to CFTC GBP speculative net positions at 19:30 GMT. For Japan pay attention to CFTC JPY speculative net positions at 19:30 GMT. There will be no important news for Switzerland and Australia today.

Our recommendations

EUR/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 1.1207. The important level that prevents the fall is located at 1.1191. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. The important level that prevents the rise is located at 1.3291. The important level that prevents the fall is located at 1.3266. 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 0.7560. The important level that prevents the fall is located at 0.7542. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, that show a further increase. Important level that prevents the rise is located at 103.42. The important level that prevents the fall is located at 103.12. 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. Moving averages stay up, that show a further increase. The important level that prevents the rise is located 0.9803. The important level that prevents the fall is located at 0.9791. 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 1315. The important level that prevents the fall is located at 1312. 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.