Daily market review for 29.12.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.04. GBP/USD trades in a narrow corridor and stay at the level 1.22. AUD/USD trades negatively and increased to the level 0.72. Currency pair USD/JPY decreased to the level 116 and trades negatively. Pair USD/CHF stay at the level 1.02 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price increased to the level 1148.

Market news

For Europe, there will be no important news today. For US, pay attention to news blocks at 13:30 and 16:00 GMT. For Britain, pay attention to news block at 8:00 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 1.0463. The important level that prevents the fall is located at 1.0423. 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 1.2263. The important level that prevents the fall is located at 1.2224. 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 0.7211. The important level that prevents the fall is located at 0.7181. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, that show a further decrease. Important level that prevents the rise is located at 117.80. The important level that prevents the fall is located at 116.23. 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 1.0277. The important level that prevents the fall is located at 1.0249. 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 1149. The important level that prevents the fall is located at 1142. 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.