Daily market review for 11.11.2016

EUR/USD trades in narrow corridor, pair stay at the level 1.09. GBP/USD trades positively and decreased to the level 1.25. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY decreased to the level 106 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.98 and trades in a narrow corridor. Gold trades negatively, asset's price decreased to the level 1261.

Market news

For Europe, pay attention German CPI (MoM) (Oct) at 7:00 GMT. For US pay attention to OPEC Monthly Report at 11:00, news block at 15:00 and to U.S. Baker Hughes Oil Rig Count at 18:00 GMT. For Britain, 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 1.0918. The important level that prevents the fall is located at 1.0875. 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 1.2579. The important level that prevents the fall is located at 1.2524. 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 0.7628. The important level that prevents the fall is located at 0.7559. 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 106.92. The important level that prevents the fall is located at 106.31. 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 0.9878. The important level that prevents the fall is located at 0.9848. 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 1264. The important level that prevents the fall is located at 1250. 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.