Daily market review for 10.10.2016

EUR/USD trades negatively, pair stay at the level 1.11. GBP/USD trades in a narrow corridor and stay at the level 1.24. AUD/USD trades in a narrow corridor and stay at the level 0.75. 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 narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1262.

Market news

For Europe pay attention Eurogroup Meetings. For US there will be no important news today. If that level is breached, there might be tendencies to reach the 1,2380 mark. For Britain pay attention to BRC Retail Sales Monitor (YoY) for September at 23:01 GMT. For Japan pay attention to Adjusted Current Account and Current Account n.s.a. for August at 23:50 GMT. For Australia there will be no important news. For Switzerland pay attention to Unemployment Rate n.s.a. for September and Unemployment Rate s.a. for September at 5:45 GMT.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1199. The important level that prevents the fall is located at 1.1179. 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 1.2443. The important level that prevents the fall is located at 1.2395. 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 0.7607. The important level that prevents the fall is located at 0.7587. 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 103.16. The important level that prevents the fall is located at 102.80. 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 0.9795. 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 1263. The important level that prevents the fall is located at 1256. 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.