Daily market review for 02.12.2015

EUR/USD trades negatively. Many investors are intended to increase sales and focus on the target below 1.07. In order to further decrease in value, some negative data for the Eurozone or some positive data for the USA will be needed. GBP/USD, just like EUR/USD, trades negatively and keeps perspectives for a further fall. USD/JPY trades positively and has perspectives for a further growth. Gold trades negatively and has tendencies for a further decline.

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 Consumer Price Index report for November, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, the Construction PMI report will be released. The results are expected to be worse than the previous ones and could have a negative impact on the British pound. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment Change, the forecast is positive and can influence the USD to grow further.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.0637. The important levels that prevent the fall are located at 1.0602 and 1.0578. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.5126 and 1.5087. The important level that prevents the fall is located at 1.5051. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 0.7341. The important levels that prevent the fall are located at 0.7277 and 0.7254. 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, which show a further increase. The important level that prevents the rise is located at 123.22. The important levels that prevent the fall are located at 122.89 and 122.79. 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 range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0300 and 1.0280. The important level that prevents the fall is located at 1.0254. 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 increase. The important level that prevents the rise is located at 66.80. The important levels that prevent the fall are located at 66.33 and 66.00. 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, which show a further decrease. The important levels that prevent the rise are located at 1071 and 1070. The important level that prevents the fall is located at 1063. 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