Daily market review for 30.08.2016

EUR/USD trades in a narrow corridor, pair decreased to the level 1.11 GBP/USD trades in a narrow corridor and decreased to the level 1.30. AUD/USD trades in a narrow corridor and stay at the level 0.75. Currency pair USD/JPY stay at the level 102 and trades positively. Pair USD/CHF increased to the level 0.97 and trades negatively. Gold trades negatively, asset's price increased to the level 1322.

Market news

For Europe pay attention to important news block at 7:00 GMT time. For US there will be an important news blocks at 13:00 GMT time. For Britain there will be no important news today. For Switzerland pay attention to KOF Leading Indicators for August at 7:00 GMT. 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 1.1190. The important level that prevents the fall is located at 1.1167. 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 1.3119. The important level that prevents the fall is located at 1.3074. 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 0.7578. The important level that prevents the fall is located at 0.7558. 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 102.23. The important level that prevents the fall is located at 101.74. 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 down, that show a further decrease. The important level that prevents the rise is located 0.9807. The important level that prevents the fall is located at 0.9774. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1325. 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.