Daily market review for 26.10.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.08. GBP/USD trades in a narrow corridor and decreased to the level 1.21. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at the level 104 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.99 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1274.

Market news

For Europe pay attention GfK German Consumer Climate for November at 6:00. For America pay attention to Goods Trade Balance for September at 12:30, Services PMI for October at 13:45, New Home Sales for September at 14:00 and to Crude Oil Inventories at 14:30 GMT. For Britain pay attention to BBA Mortgage Approvals at 8:30 GMT. For Switzerland, there will be no important news today, for Australia pay attention to already published news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0891. The important level that prevents the fall is located at 1.0873. 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 1.2186. The important level that prevents the fall is located at 1.2155. 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 0.7707. The important level that prevents the fall is located at 0.7626. 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 104.37. The important level that prevents the fall is located at 104.01. 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 0.9957. The important level that prevents the fall is located at 0.9940. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a negatively. Might expected future fall. The important level that prevents the rise is located at 1276. The important level that prevents the fall is located at 1272. 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.