Daily market review for 06.09.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.11. GBP/USD trades positively and stay at the level 1.33. AUD/USD trades in a narrow corridor and increased to the level 0.76. Currency pair USD/JPY stay at the level 103 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1326.

Market news

For Europe pay attention to erman Factory Orders (MoM) for July at 6:00 GMT time and to important news block at 9:00 GMT. For US there will be two important news blocks at 13:45 and 14:00 GMT. For Britain there will be no important news. For Switzerland pay attention to CPI (MoM) for August at 7:15 and to SNB Chairman Thomas Jordan speaks at 16:15 GMT time. For Australia pay attention to already published news.

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 1.1156. The important level that prevents the fall is located at 1.1140. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. The important level that prevents the rise is located at 1.3325. The important level that prevents the fall is located at 1.3295. 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 0.7635. 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. Moving averages stay up, that show a further increase. Important level that prevents the rise is located at 103.79. The important level that prevents the fall is located at 103.34. 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 0.9809. The important level that prevents the fall is located at 0.9795. 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 1328. The important level that prevents the fall is located at 1324. 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.