Daily market review for 03.10.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.12. GBP/USD trades in a narrow corridor and decreased to the level 1.29. AUD/USD trades positively and stay at the level 0.76. Currency pair USD/JPY stay at the level 101 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1314.

Market news

For Europe pay attention Spanish Manufacturing PMI for September at 7:15 GMT and to German Manufacturing PMI for September at 7:55 GMT. For US pay attention to an important block at 14:00 GMT. For Britain pay attention to Manufacturing PMI for September at 8:30 GMT. There will be no important news for Australia today. For Switzerland pay attention to SVME PMI for September at 7:30 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1242. The important level that prevents the fall is located at 1.1225. 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 1.2944. The important level that prevents the fall is located at 1.2920. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.7659. The important level that prevents the fall is located at 0.7639. 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 101.66. The important level that prevents the fall is located at 101.20. 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 0.9727. The important level that prevents the fall is located at 0.9710. 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 1319. The important level that prevents the fall is located at 1313. 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.