Daily market review for 07.09.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.12. GBP/USD trades in a narrow corridor and increased to the level 1.34. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY decreased to the level 101 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.96 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1350.

Market news

For Europe pay attention to German Industrial Production (MoM) for July at 6:00 GMT time and to German 10-Year Bund Auction at 9:35 GMT. For US pay attention to JOLTs Job Openings for July at 14:00 and Beige Book at 18:00 GMT. For Britain pay attention to three blocks of important news at 7:30, 8:30 and 13:15 GMT time. There will be no important news for Australia and Switzerland 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 1.1257. The important level that prevents the fall is located at 1.1232. 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 1.3426. The important level that prevents the fall is located at 1.3403. 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 0.7687. The important level that prevents the fall is located at 0.7669. 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 102.11. The important level that prevents the fall is located at 101.19. 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 0.9708. The important level that prevents the fall is located at 0.9684. 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 1352. The important level that prevents the fall is located at 1347. 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.