Daily market review for 01.12.2015

EUR/USD trades positively. With some positive data for the Eurozone, the pair could show a prolonged growth. GBPUSD, just like EURUSD, trades positively. In order to further increase in value, some positive news for the UK will be needed. USDJPY is rising after the sharp decline and has tendencies for a further growth. Important releases for the USA will define the further direction of the currency pair. Gold trades positively and has perspectives for a further rise.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Manufacturing PMI report, the data is expected to remain on the same level and can positively influence the euro. As to the UK, the governor of the Bank of England Carney will perform a speech, some multidirectional moves may occur during the performance. Besides, the Manufacturing PMI report will be released for the UK, the forecast is negative and can affect the British pound. As to the USA, the PMI report will also be published, the data is expected to be better than the previous one and can positively affect the USD.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0597. The important levels that prevent the fall are located at 1.0565 and 1.0558. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.5103. The important levels that prevent the fall are located at 1.5040 and 1.4994. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.7283. The important levels that prevent the fall are located at 0.7221 and 0.7196. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 123.36 and 123.21. The important level that prevents the fall is located at 122.66. 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, which show a further decrease. The important levels that prevent the rise are located at 1.0320 and 1.0292. The important level that prevents the fall is located at 1.0258. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 66.85 and 66.55. The important level that prevents the fall is located at 65.70. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1074. The important levels that prevent the fall are located at 1063 and 1054. 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