Daily market review for 8.08.2016

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 1.30. AUD/USD negatively and stay at the level 0.76. Currency pair USD/JPY increased at level 102 and trades positively. Pair USD/CHF stay at the level 0.97 and trades in a narrow corridor. Gold trades negatively, asset's price decreased to the level 1336.

Market news

For Europe we recommend to pay attention to German Industrial Production (MoM) for June at 6:00 GMT time. For US and Britain there will be no Important news today. For Switzerland pay attention to CPI (MoM) for July at 7:15 GMT time. For Australia there will be no important news today.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1104. The important level that prevents the fall is located at 1.1080. 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 1.3095. The important level that prevents the fall is located at 1.3068. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7619. The important level that prevents the fall is located at 0.7596. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, that show a further increase. Important level that prevents the rise is located at 102.25. The important level that prevents the fall is located at 101.90. 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 at 0.9809. The important level that prevents the fall is located at 0.9788. 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 1337. The important level that prevents the fall is located at 1330. 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.