Daily market review for 18.11.2016

EUR/USD trades positively, pair stay at the level 1.06. GBP/USD trades negatively and stay at the level 1.23. AUD/USD trades in a narrow corridor and decreased to the level 0.73. Currency pair USD/JPY increased to the level 110 and trades in a narrow corridor. Pair USD/CHF stay at the level 1.00 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1208.

Market news

For Europe pay attention to ECB President Draghi Speech at 8:30 and to German Buba President Weidmann Speech at 10:30 GMT. For US pay attention to FOMC Member Bullard Speech at 10:30 and to news blocks at 14:30, 18:00 and 20:30 GMT. For Britain, pay attention to BoE MPC Member Broadbent Speech at 9:10 and to CFTC GBP speculative net positions at 20:30 GMT. For Switzerland 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 1.0627. The important level that prevents the fall is located at 1.0583. 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 1.2416. The important level that prevents the fall is located at 1.2383. 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 0.7405. The important level that prevents the fall is located at 0.7377. 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 110.76. The important level that prevents the fall is located at 109.96. 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 1.0098. The important level that prevents the fall is located at 0.0069. 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 1215. The important level that prevents the fall is located at 1205. 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.