Daily market review for 07.10.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.11. GBP/USD trades in a narrow corridor and decreased to the level 1.24. AUD/USD trades in a narrow corridor and decreased to the level 0.75. Currency pair USD/JPY increased to the level 103 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.98 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1252.

Market news

For Europe pay attention to German Industrial Production (MoM) for August at 6:00 GMT. For US pay attention to news blocks at 12:30, 17:00 and 19:30 GMT. For Britain pay attention to important news blocks at 7:30, 8:30, 14:00 and 19:30 GMT. For Japan pay attention to CFTC JPY speculative net positions at 19:30 GMT. For Australia and Switzerland there will be no important news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1151. The important level that prevents the fall is located at 1.1109. 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 1.2616. The important level that prevents the fall is located at 1.1871. 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 0.7588. The important level that prevents the fall is located at 0.7560. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, which show a further increase. Important level that prevents the rise is located at 103.98. The important level that prevents the fall is located at 103.52. 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 0.9827. The important level that prevents the fall is located at 0.9799. 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 1259. The important level that prevents the fall is located at 1250. 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.