Daily market review for 07.11.2016

EUR/USD trades in narrow corridor, pair stay at the level 1.10. GBP/USD trades in a narrow corridor and stay at the level 1.24. AUD/USD trades positively and stay at the level 0.76. Currency pair USD/JPY increased to the level 104 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.97 and trades positively. Gold trades in a narrow corridor, asset's price decreased to the level 1288.

Market news

For Europe, pay attention to German Factory Orders (MoM) for September at at 7:00, Retail Sales (MoM) for September at 10:00 and to Eurogroup Meetings at 13:00 GMT. For America, there will be no important news today. For Britain, pay attention to news block at 8:30 GMT. For Switzerland pay attention to CPI (MoM) for October at 8:15 GMT. For 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 1.1109. The important level that prevents the fall is located at 1.1062. 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 1.2496. The important level that prevents the fall is located at 1.2422. 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, that show a further increase. The important level that prevents the rise is located at 0.7684. The important level that prevents the fall is located at 0.7668. 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 104.57. The important level that prevents the fall is located at 103.83. 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 0.9778. The important level that prevents the fall is located at 0.9729. 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 1295. The important level that prevents the fall is located at 1287. 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.