Daily market review for 03.11.2016

EUR/USD trades in narrow corridor, pair increased to the level 1.11. GBP/USD trades in a narrow corridor and increased to the level 1.23. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY decreased to the level 102 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.97 and trades in a positively. Gold trades in a narrow corridor, asset's price decreased to the level 1301.

Market news

For Europe, pay attention to ECB Economic Bulletin at 9:00 and Unemployment Rate for September at 10:00 GMT. For America pay attention to news blocks at 12:30, 13:45 and 14:00 GMT. For Britain pay attention to news block at 12:00 GMT. For Switzerland and 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 1.1125. The important level that prevents the fall is located at 1.1090. 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 1.2363. The important level that prevents the fall is located at 1.2298. 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 0.7682. The important level that prevents the fall is located at 0.7636. 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 103.43. The important level that prevents the fall is located at 102.53. 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 0.9731. The important level that prevents the fall is located at 0.9694. 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 1306. The important level that prevents the fall is located at 1296. 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.