Trading tactics for 12.12.2016 - 16.12.2016

EUR/USD

In the beginning of the week, EUR/USD was trading in a narrow corridor; other half pair fallen and closed in the narrow corridor at the level 1.0551. The nearest resistance levels are located at 1.0698 and 1.0869. The nearest support level is located at 1.0530.

For Europe, this week, we recommend paying attention to CPI (YoY) (Nov), German Manufacturing PMI (Dec) and to German ZEW Economic Sentiment (Dec).

For USA, we recommend to pay attention to Core Retail Sales (MoM) (Nov), PPI (MoM) (Nov), Retail Sales (MoM) (Nov), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Core CPI (MoM) (Nov), Philadelphia Fed Manufacturing Index (Dec) and to Building Permits (Nov).

- In case of rise, we recommend to buy up to 1.0869 and higher.

- In case of fall, we recommend to sell down to 1.0530

We recommend: TO SELL

 

GBP/USD

All week GBP/USD was trading differently and closed in a narrow corridor at the level 1.2572. The nearest resistance levels are located at 1.2656 and 1.2773. The nearest support level is located at 1.2549.

For Britain, we recommend paying attention to CPI (YoY) (Nov), Average Earnings Index +Bonus (Oct), Claimant Count Change (Nov), BoE Gov Carney Speech, Retail Sales (MoM) (Nov), Interest Rate Decision (Dec) and to BoE MPC Meeting Minutes.

For USA, we recommend to pay attention to Core Retail Sales (MoM) (Nov), PPI (MoM) (Nov), Retail Sales (MoM) (Nov), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Core CPI (MoM) (Nov), Philadelphia Fed Manufacturing Index (Dec) and to Building Permits (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.2773

- In case of fall, we recommend to sell down 1.2549

We recommend: TO SELL

 

AUD/USD

AUD/USD previous week was trading differently and closed in a narrow corridor at the level 0.7445. The nearest resistance levels are located at 0.7455 and 0.0508. The nearest support level is located at level 0.7516.

For Australia, we recommend to pay attention to Employment Change (Nov) and to Full Employment Change (Nov).

For USA, we recommend to pay attention to Core Retail Sales (MoM) (Nov), PPI (MoM) (Nov), Retail Sales (MoM) (Nov), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Core CPI (MoM) (Nov), Philadelphia Fed Manufacturing Index (Dec) and to Building Permits (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 0.0508

- In case of fall, we recommend to sell down 0.7516

We recommend: TO AWAIT

 

USD/JPY

USD/JPY was trading positively and pair closed at the level 115.21. The nearest resistance level is located at 115.35. The nearest support levels are located at 114.19 and 113.13.

For Japan, pay attention to Tankan Large Non-Manufacturers Index (Q4) and Tankan Large Manufacturers Index (Q4).

For USA, we recommend to pay attention to Core Retail Sales (MoM) (Nov), PPI (MoM) (Nov), Retail Sales (MoM) (Nov), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Core CPI (MoM) (Nov), Philadelphia Fed Manufacturing Index (Dec) and to Building Permits (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 115.35

- - In case of fall, we recommend to sell down 113.13

We recommend: TO BUY

 

USD/CHF

USD/CHF in the middle of the week started an active growth and closed at level 1.0166. The nearest resistance level is located at 1.0213. The nearest support levels are located at 1.0114 and 1.0023.

For Switzerland, pay attention to Interest Rate Decision, SNB Monetary Policy Assessment and to SNB Press Conference.

For USA, we recommend to pay attention to Core Retail Sales (MoM) (Nov), PPI (MoM) (Nov), Retail Sales (MoM) (Nov), Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference, Core CPI (MoM) (Nov), Philadelphia Fed Manufacturing Index (Dec) and to Building Permits (Nov).

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up to 1.0129

- In case of fall, we recommend to sell down 1.0213

We recommend: TO BUY

 

GOLD

Previous week GOLD formed many different trends, but closed by falling to the level 1159. Important resistance levels are located at 1166 and 1180. Nearest support level is located at level 1156.

Binary Option Trading Tactic:

- In case of rise, we recommend to buy up 1180

- In case of fall, we recommend to sell down 1156

We recommend: TO SELL

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.