Daily market review for 16.11.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.07. GBP/USD trades in a narrow corridor and stay at the level 1.24. AUD/USD trades in a narrow corridor and stay at the level 0.75. Currency pair USD/JPY increased to the level 109 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.99 and trades in a narrow corridor. Gold trades negatively, asset's price increased to the level 1229.

Market news

For Europe, there will be no important news today. For US pay attention to news blocks at 13:30, 15:30 and 21:00 GMT. For Britain, pay attention to news blocks at 9:30, 14:00 GMT. For Switzerland and 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 1.0758. The important level that prevents the fall is located at 1.0719. 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 1.2486. The important level that prevents the fall is located at 1.2440. 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 0.7569. The important level that prevents the fall is located at 0.7535. 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 109.18. The important level that prevents the fall is located at 108.78. 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 1.0017. The important level that prevents the fall is located at 0.9990. 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 1232. The important level that prevents the fall is located at 1225. 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.