Daily market review for 28.09.2016

EUR/USD trades negatively, pair decreased to level 1.11. GBP/USD trades in a narrow corridor and increased to level 1.30. AUD/USD trades negatively and stay at the level 0.76. Currency pair USD/JPY stay at the level 100 and trades positively. Pair USD/CHF increased to the level 0.97 and trades positively. Gold trades in a narrow corridor, asset's price decreased to the level 1322.

Market news

For Europe pay attention to GfK German Consumer Climate for October at 6:00 GMT and to ECB President Draghi Speaks at 14:30 GMT. For US pay attention to two important news blocks at 12:30 and 14:00 GMT. For Britain and Australia there will be no important news today. For Switzerland pay attention to KOF Leading Indicators for September at 7:00.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1216. The important level that prevents the fall is located at 1.1181. 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 1.3030. The important level that prevents the fall is located at 1.2990. 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, which show a further decrease. The important level that prevents the rise is located at 0.7686. The important level that prevents the fall is located at 0.7663. 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, which show a further increase. Important level that prevents the rise is located at 100.72. The important level that prevents the fall is located at 100.40. 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 0.9735. The important level that prevents the fall is located at 0.9703. 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 1326. The important level that prevents the fall is located at 1322. 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.