Daily market review for 17.10.2016

EUR/USD trades positively, pair decreased to the level 1.09. GBP/USD trades in a narrow corridor and stay at the level 1.21. AUD/USD trades in a narrow corridor and decreased to the level 0.76. Currency pair USD/JPY stay at level 104 and trades negatively. Pair USD/CHF stay at the level 0.98 and trades in a narrow corridor. Gold trades positively, asset's price decreased to the level 1249.

Market news

For Europe pay attention to news block at 9:00 GMT and ECB President Draghi Speech at 17:35 GMT. For US pay attention to NY Empire State Manufacturing Index for October at 12:30, Industrial Production (MoM) for September at 13:15 and to FOMC Member Stanley Fischer Speech at 16:15 GMT. For Britain pay attention to BoE MPC Member Broadbent Speech at 13:45 GMT. For Switzerland and Australia there will be no important news today.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.0988. The important level that prevents the fall is located at 1.0963. 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 1.2181. The important level that prevents the fall is located at 1.2139. 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 0.7602. The important level that prevents the fall is located at 0.7579. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, that show a further decrease. Important level that prevents the rise is located at 104.14. The important level that prevents the fall is located at 103.59. 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. Moving averages stay up, that show a further increase. The important level that prevents the rise is located 0.9905. The important level that prevents the fall is located at 0.9888. 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 1255. The important level that prevents the fall is located at 1249 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.