Daily market review for 25.10.2016

EUR/USD trades in a narrow corridor, pair decreased to the level 1.08. GBP/USD trades in a narrow corridor and stayed at the level 1.22. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY increased to the level 104 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.99 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1266.

Market news

For Europe pay attention to news block at 8:00 GMT and to ECB President Draghi Speech at 15:30 GMT. For America pay attention to S&P/CS HPI Composite - 20 n.s.a. (YoY) for August at 13:30 GMT and to CB Consumer Confidence for October at 14:00 GMT. For Britain pay attention to BoE Gov Carney Speech at 14:35 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 1.0881. The important level that prevents the fall is located at 1.1168. 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 1.2203. 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 0.7629. The important level that prevents the fall is located at 0.7588. 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. Moving averages stay down, that show a further decrease. Important level that prevents the rise is located at 104.48. The important level that prevents the fall is located at 104.20. 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 down, that show a further decrease. The important level that prevents the rise is located 0.9944. The important level that prevents the fall is located at 0.9935. 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 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.