Daily market review for 05.10.2016

EUR/USD trades in a narrow corridor, pair decreased to the level 1.12. GBP/USD trades in a narrow corridor and decreased to the level 1.27. 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 1274.

Market news

For Europe pay attention to Spanish Services PMI for September at 7:15 GMT, French Services PMI for September at 7:50 GMT, news block at 8:00 and to German 10-Year Bund Auction at 9:35 GMT. For US pay attention to ADP Nonfarm Employment Change for September at 12:15 GMT, important news blocks at 14:00 and 14:30 GMT. For Britain pay attention to news block at 8:30 GMT. For Australia and 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 1.1227. The important level that prevents the fall is located at 1.1199. 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 1.2744. The important level that prevents the fall is located at 1.2718. 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 0.7643. The important level that prevents the fall is located at 0.7605. 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 102.92. The important level that prevents the fall is located at 102.66. 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 0.9790. The important level that prevents the fall is located at 0.9771. 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 1274. The important level that prevents the fall is located at 1266. 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.