Daily market review for 08.11.2016

EUR/USD trades in narrow corridor, pair stay at the level 1.10. GBP/USD trades positively and decreased to the level 1.23. AUD/USD trades in a narrow corridor 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 positively, asset's price decreased to the level 1283.

Market news

For Europe, pay attention to news block at 7:00 and to EU Finance Ministers Meeting at 13:00 GMT. For America, pay attention to JOLTs Job Openings (Sep) at 15:00 GMT. For Britain, pay attention to news block at 9:30 and to NIESR GDP Estimate at 15:00 GMT. For Switzerland and Australia pay attention to already published news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1048. The important level that prevents the fall is located at 1.1029. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.2407. The important level that prevents the fall is located at 1.2385. 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 0.7721. The important level that prevents the fall is located at 0.7688. 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 104.58. The important level that prevents the fall is located at 104.28. 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 0.9752. The important level that prevents the fall is located at 0.9739. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1283. The important level that prevents the fall is located at 1280. 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.