Daily market review for 5.08.2016

EUR/USD trades in narrow corridor, pair stay at the level 1.11. GBP/USD trades in a narrow corridor and decreased to the level 1.31. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at level 101 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.97 and trades positively. Gold trades positively, asset's price decreased to the level 1362.

Market news

For Europe we recommend to pay attention to German Factory Orders (MoM) for June at 6:00 GMT time. For US there will be two important news blocks at 12:30 and 19:30 GMT time. For Britain there will be an important news block at 7:30 GMT time. For Switzerland there will be no important news today, but for Australia pay attention to CFTC AUD speculative net positions at 19:30 GMt time.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1136. The important level that prevents the fall is located at 1.1124. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.3134. The important level that prevents the fall is located at 1.3107. 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 0.7662. The important level that prevents the fall is located at 0.7622. 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 101.35. The important level that prevents the fall is located at 101.04. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.9743. The important level that prevents the fall is located at 0.9735. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1363. The important level that prevents the fall is located at 1359. 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.