Daily market review for 18.08.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.13. GBP/USD trades in a narrow corridor and stay at the level 1.30. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at the level 100 and in a narrow corridor. Pair USD/CHF stay at the level 0.96 and in a narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1353.

Market news

For Europe pay attention to one important news block at 9:00 and to ECB Publishes Account of Monetary Policy Meeting at 11:30 GMT time. For US there will be two important news blocks at 12:30 and 14:05 GMT time. For Britain there will be an important news block at 8:30 GMT time. For Switzerland there will be no important news today. 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 1.1327. The important level that prevents the fall is located at 1.1286. 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 1.3087. The important level that prevents the fall is located at 1.3036. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7717. The important level that prevents the fall is located at 0.7648. 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 100.34. The important level that prevents the fall is located at 99.63. 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 at 0.9623. The important level that prevents the fall is located at 0.9591. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1355. The important level that prevents the fall is located at 1349. 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.