Daily market review for 26.08.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.12 GBP/USD trades in a narrow corridor and increased to the level 1.32. AUD/USD trades in a narrow corridor and increased to the level 0.76. Currency pair USD/JPY stay at the level 100 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.96 and trades negatively. Gold trades in a narrow corridor, asset's price decreased to the level 1320.

Market news

For Europe there will be an important new block at 6:00 GMT. For US there will be two important news blocks at 12:00 and 19:30 GMT time. For Britain there will be two important news blocks at 8:30 and 19:30 GMT time. For Japan pay attention to CFTC JPY speculative net positions at 19:30 GMT time. For Australia pay attention to CFTC AUD speculative net positions at 19:30 GMT. For Switzerland there will be no important 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 1.1293. The important level that prevents the fall is located at 1.1280. 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 1.3215. The important level that prevents the fall is located at 1.3186. 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 0.7633. The important level that prevents the fall is located at 0.7617. 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. Important level that prevents the rise is located at 100.57. The important level that prevents the fall is located at 100.37. 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 at 0.9682. The important level that prevents the fall is located at 0.9664. 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 1324. The important level that prevents the fall is located at 1320. 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.