Daily market review for 05.09.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.11. GBP/USD trades negatively and increased to the level 1.33. AUD/USD trades in a narrow corridor and stay at the level 0.75. Currency pair USD/JPY stay at the level 103 and trades negatively. Pair USD/CHF stay at the level 0.97 and trades negatively. Gold trades in a narrow corridor, asset's price increased to the level 1324.

Market news

For Europe pay attention to German Services PMI for August at 7:55 GMT time and to Services PMI for August at 8:00 GMT. For US there will be no important news today. For Britain pay attention to Services PMI for August at 8:30 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 1.1177. The important level that prevents the fall is located at 1.1152. 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 1.3326. The important level that prevents the fall is located at 1.3289. 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 0.7602. The important level that prevents the fall is located at 0.7561. 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 up, that show a further increase. Important level that prevents the rise is located at 104.13. The important level that prevents the fall is located at 103.42. 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 0.9804. The important level that prevents the fall is located at 0.9782. 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 1324. The important level that prevents the fall is located at 1321. 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.