Daily market review for 01.11.2016

EUR/USD trades positively, pair stay at the level 1.09. GBP/USD trades positively and increased to the level 1.22. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY decreased to the level 104 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.98 and trades in a narrow corridor. Gold trades in narrow corridor, asset's price increased to the level 1279.

Market news

For Europe, pay attention to news blocks at 7:00 and 10:00 GMT. For America pay attention to Manufacturing PMI for October at 13:45 and to news block at 14:00 GMT. For Britain pay attention to Manufacturing PMI for October at 9:30 GMT. For Switzerland pay attention to Retail Sales (YoY) for September at 8:15, SVME PMI for October at 8:30 and to SNB Chairman Thomas Jordan speech at 16:30 GMT. For Australia, there will be no important news today.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.0979. The important level that prevents the fall is located at 1.0959. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.2237. The important level that prevents the fall is located at 1.2208. 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 0.7669. The important level that prevents the fall is located at 0.7597. 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 104.95. The important level that prevents the fall is located at 104.65. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades narrow corridor. The important level that prevents the rise is located 0.9897. The important level that prevents the fall is located at 0.9882. 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 1280. The important level that prevents the fall is located at 1275. 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.