Daily market review for 20.10.2016

EUR/USD trades negatively, pair decreased to the level 1.09. GBP/USD negatively and stay at the level 1.22. AUD/USD trades negatively and stay at the level 0.76. Currency pair USD/JPY stay at the level 103 and trades positively. Pair USD/CHF stay at the level 0.99 and trades positively. Gold trades in a narrow corridor, asset's price increased to the level 1270.

Market news

For Europe pay attention to German PPI (MoM) for September at 6:00 GMT, news block at 11:45 GMT, ECB Press Conference at 12:30 and EU Leaders Summit at 16:00 GMT. For US pay attention to news block at 12:30 and 14:00 GMT, and to FOMC Member Dudley Speech at 20:45 GMT. For Britain pay attention to a news block at 8:30 GMT. For Switzerland, there will be no important news today, for Australia we recommend pay attention to already published news.

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 1.0979. The important level that prevents the fall is located at 1.0958. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.2297. The important level that prevents the fall is located at 1.2268. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7733. The important level that prevents the fall is located at 0.7661. 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 103.71. The important level that prevents the fall is located at 103.33. 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 0.9901. The important level that prevents the fall is located at 0.9884. 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 1272. The important level that prevents the fall is located at 1267 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.