Daily market review for 04.10.2016

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 1.28. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at the level 102 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1310.

Market news

For Europe there will be no important news today. For US pay attention to FOMC Member Lacker Speaks at 12:05 GMT. For Britain pay attention Construction PMI for September at 8:30 GMT. For Australia pat attention to already published news, for Switzerland 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 1.1215. The important level that prevents the fall is located at 1.1195. 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 1.2859. The important level that prevents the fall is located at 1.2815. 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 0.7689. The important level that prevents the fall is located at 0.7658. 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 102.38. The important level that prevents the fall is located at 101.58. 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 0.9750. The important level that prevents the fall is located at 0.9728. 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. The important level that prevents the rise is located at 1312. The important level that prevents the fall is located at 1307. 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.