Daily market review for 24.10.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.08. GBP/USD trades in a narrow corridor and stay at level 1.21. AUD/USD trades positively and stay at the level 0.76. Currency pair USD/JPY decreased to the level 103 and trades in a narrow corridor. Pair USD/CHF trades in a narrow corridor and stay at the level 0.99. Gold trades in a narrow corridor, but asset's price decreased to the level 1263.

Market news

For Europe, pay attention to important news blocks at 7:30 and 8:00 GMT. For US pay attention to news block at 13:05 GMT. For Britain, pay attention to CBI Industrial Trends Orders for October at 10:00 GMT. For Australia and Switzerland 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 1.0884. The important level that prevents the fall is located at 1.0859. 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 1.2231. The important level that prevents the fall is located at 1.2184. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.7615. The important level that prevents the fall is located at 0.7590. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow corridor. Important level that prevents the rise is located at 103.99. The important level that prevents the fall is located at 103.78. 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. The important level that prevents the rise is located at 0.9955. The important level that prevents the fall is located at 0.9928. 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 1267. The important level that prevents the fall is located at 1262. 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.