Daily market review for 21.10.2016

EUR/USD trades in a narrow corridor, pair decreased to the level 1.08. GBP/USD trades in a narrow corridor and stay at the level 1.22. AUD/USD in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY decreased to the level 104 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.99 and in a narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1262.

Market news

For Europe pay attention to German Buba President Weidmann Speech at 9:00 GMT and EU Leaders Summit at 16:00 GMT. For US pay attention to FOMC Member Tarullo Speech at 14:15 and to news blocks at 17:00 and 19:30 GMT. For Britain pay attention to CFTC GBP speculative net positions at 19:30 GMT. For Switzerland, there will be no important news today, for Australia we recommend pay attention to CFTC AUD speculative net positions at 19:30 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0929. The important level that prevents the fall is located at 1.0895. 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 1.2297. 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 a narrow corridor. The important level that prevents the rise is located at 0.7635. The important level that prevents the fall is located at 0.7616. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades a narrow corridor. Important level that prevents the rise is located at 104.19. The important level that prevents the fall is located at 103.94. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades a narrow corridor. The important level that prevents the rise is located 0.9953. The important level that prevents the fall is located at 0.9922. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades a narrow corridor. The important level that prevents the rise is located at 1266. The important level that prevents the fall is located at 1261. 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.