Daily market review for 08.12.2016

EUR/USD trades negatively, pair increased to the level 1.07. GBP/USD trades in a narrow corridor and stay at the level 1.26. AUD/USD trades negatively and stay at the level 0.74. Currency pair USD/JPY stay at the level 113 and trades positively. Pair USD/CHF decreased to the level 1.00 and trades in a narrow corridor. Gold trades negatively, asset's price increased to the level 1174.

Market news

For Europe, pay attention to news block at 12:45 and to ECB Press Conference at 13:30 GMT. For US pay attention to Initial Jobless Claims at 13:30 GMT. For Britain, Switzerland and Australia, there will be no important news today.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.0784. The important level that prevents the fall is located at 1.0748. 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 1.2663. The important level that prevents the fall is located at 1.2620. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. The important level that prevents the rise is located at 0.7506. The important level that prevents the fall is located at 0.7474. 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 114.14. The important level that prevents the fall is located at 113.32. 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 1.0074. The important level that prevents the fall is located at 1.0053. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1178. The important level that prevents the fall is located at 1173. 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.