Daily market review for 29.11.2016

EUR/USD trades negatively, pair decreased to the level 1.05. GBP/USD trades in a narrow corridor and stay at the level 1.24. AUD/USD trades negatively and stay at the level 0.74. Currency pair USD/JPY increased to the level 112 and trades positively. Pair USD/CHF increased at the level 1.01 and trades positively. Gold trades negatively, asset's price decreased to the level 1189.

Market news

For Europe, pay attention to news blocks at 7:45, 9:00, 10:45 and 13:00 GMT. For US, pay attention to two news blocks at 13:30 and 15:00 GMT. For Britain, there will be no important news. For Switzerland, pay attention to Employment Level (Q3) at 8:15 GMT. For Australia there will be no important news.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.0618. The important level that prevents the fall is located at 1.0587. 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 1.2417. The important level that prevents the fall is located at 1.2387. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7496. The important level that prevents the fall is located at 0.7457. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, that show a further increase. Important level that prevents the rise is located at 112.37. The important level that prevents the fall is located at 111.74. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located 1.0144. The important level that prevents the fall is located at 0.0120. 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 1194. The important level that prevents the fall is located at 1788. 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.