Daily market review for 09.12.2016

EUR/USD trades positively, pair decreased to the level 1.06. GBP/USD trades negatively and stay at the level 1.26. AUD/USD trades positively and stay at the level 0.74. Currency pair USD/JPY increased to the level 114 and trades in a narrow corridor. Pair USD/CHF decreased to the level 1.01 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1168.

Market news

For Europe, pay attention to CFTC EUR speculative net positions at 20:30 GMT. For US pay attention to two news blocks at 15:00 and 20:30 GMT. For Britain, pay attention to two news blocks at 9:30 and 20:30 GMT. For Switzerland, there will be no important news today. For Australia pay attention to CFTC AUD speculative net positions at 20:30 GMT.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.0628. The important level that prevents the fall is located at 1.0588. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.2594. The important level that prevents the fall is located at 1.2563. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.7474. The important level that prevents the fall is located at 0.7441. 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 114.12. 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 1.0177. The important level that prevents the fall is located at 1.0154. 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 1169. The important level that prevents the fall is located at 1164. 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.