Daily market review for 14.11.2016

EUR/USD trades positively, pair decreased to the level 1.07. GBP/USD trades in a narrow corridor and stay at the level 1.25. AUD/USD trades in a narrow corridor and stay at the level 0.75. Currency pair USD/JPY decreased to the level 107 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.99 and trades negatively. Gold trades positively, asset's price decreased to the level 1223.

Market news

For Europe, pay attention to Industrial Production (MoM) (Sep) at 10:00 GMT, ECB President Draghi Speech at 15:00 GMT and to CFTC EUR speculative net positions at 20:30 GMT. For US pay attention to news block at 20:30 GMT. For Britain, pay attention to CFTC GBP speculative net positions at 20:30 GMT. For Switzerland pay attention to PPI (MoM) (Oct) at 8:15 GMT. 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 1.0824. The important level that prevents the fall is located at 1.0772. 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 1.2578. The important level that prevents the fall is located at 1.2507. 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 0.7559. The important level that prevents the fall is located at 0.7522. 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 107.63. The important level that prevents the fall is located at 106.84. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located 0.9936. The important level that prevents the fall is located at 0.9893. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1229. The important level that prevents the fall is located at 1212. 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.