Daily market review for 01.12.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.06. GBP/USD trades positively and increased to the level 1.25. AUD/USD trades in a narrow corridor and stay at the level 0.74. Currency pair USD/JPY increased to the level 113 and trades in a narrow corridor. Pair USD/CHF stay at the level 1.01 and trades positively. Gold trades in a narrow corridor, asset's price decreased to the level 1173.

Market news

For Europe, pay attention to news blocks at 8:55, 9:00, 10:00 GMT. For US, pay attention to news blocks at 13:30, 14:45 and 15:00 GMT. For Britain, pay attention to news blocks at 7:00 and 9:30 GMT. For Switzerland, pay attention to Retail Sales (YoY) (Oct) at 8:15 and to SVME PMI (Nov) at 8:30, GMT. For Australia, there will be no important news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0627. The important level that prevents the fall is located at 1.0589. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.2548. The important level that prevents the fall is located at 1.2510. 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 0.7418. The important level that prevents the fall is located at 0.7378. 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 114.55. The important level that prevents the fall is located at 113.99. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located 1.0175. The important level that prevents the fall is located at 1.0136. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1175. The important level that prevents the fall is located at 1763. 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.