Daily market review for 02.11.2016

EUR/USD trades negatively, pair decreased to the level 1.10. GBP/USD trades negatively and stay at 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 103 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.97 and trades in a positively. Gold trades positively, asset's price increased to the level 1293.

Market news

For America pay attention to ADP Nonfarm Employment Change for October at 12:15, Crude Oil Inventories at 14:30, Cushing Crude Oil Inventories at 14:30 and news block at 18:00 GMT. For Britain pay attention to news block at 7:00 and Construction PMI for October at 9:30 GMT. For Switzerland and Australia, there will be no important news today.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.1073. The important level that prevents the fall is located at 1.1048. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.2253. The important level that prevents the fall is located at 1.2219. 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 0.7651. The important level that prevents the fall is located at 0.7611. 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 104.15. The important level that prevents the fall is located at 103.61. 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 0.9752. The important level that prevents the fall is located at 0.9725. 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 1293. The important level that prevents the fall is located at 1286. 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.