Daily market review for 12.10.2016

EUR/USD trades negatively, pair decreased to the level 1.10. GBP/USD trades in a narrow corridor and decreased to the level 1.22. AUD/USD trades in a narrow corridor and stay at the level 0.75. Currency pair USD/JPY stay at the level 103 and trades positively. Pair USD/CHF stay at the level 0.98 and trades positively. Gold trades in a narrow corridor, asset's price decreased to the level 1257.

Market news

For Europe pay attention to important news block at 6:45 GMT and to Industrial Production (MoM) for August at 9:00 GMT. For US pay attention to news blocks at 11:00 and after 14:00 GMT. For Britain pay attention to BoE MPC Member Cunliffe Speech and RICS House Price Balance for September at 23:01 GMT. For Australia and Switzerland there will be no important news today.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.1066. The important level that prevents the fall is located at 1.1031. 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 1.2323. The important level that prevents the fall is located at 1.2109. 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 0.7587. The important level that prevents the fall is located at 0.7534. 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, that show a further increase Important level that prevents the rise is located at 103.64. The important level that prevents the fall is located at 103.26. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. The important level that prevents the rise is located 0.9891. The important level that prevents the fall is located at 0.9873. 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 1257. The important level that prevents the fall is located at 1251. 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.