Daily market review for 18.10.2016

EUR/USD trades in a narrow corridor, 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 0.76. Currency pair USD/JPY decreased to 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 increased to the level 1258.

Market news

For Europe, there will be no important news today. For US pay attention to new block at 12:30 and to TIC Net Long-Term Transactions for August at 20:00 GMT. For Britain pay attention to a news block at 8:30 GMT. For Switzerland and 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 1.1025. The important level that prevents the fall is located at 1.0996. 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 1.2271. The important level that prevents the fall is located at 1.2180. 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 0.7674. The important level that prevents the fall is located at 0.7623. 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 103.97. The important level that prevents the fall is located at 103.67. 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. Moving averages stay up, that show a further increase. The important level that prevents the rise is located 0.9893. The important level that prevents the fall is located at 0.9866. 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 1260. The important level that prevents the fall is located at 1254 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.