Daily market review for 03.12.2015

EUR/USD trades negatively and keeps tendencies for a further decline. Some positive newsflow for the Eurozone will be needed for the pair to possibly strengthen further. GBP/USD, just like EUR/USD, trades negatively. During the day there will be an opportunity for many assets to trade in an opposite direction, as the important data for all the three basic currencies will be released. The American dollar is currently strengthening, which also makes the Gold's value to remain under pressure. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and has perspectives for a further fall.

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 Interest rate decision, which is expected to remain on the same level, but can positively affect the euro. As to the UK, we recommend to pay attention to the Services PMI report, the data is considered to be more positive than the previous one and can influence the British pound to increase in value. As to the USA, the ISM Non-Manufacturing PMI report will be published, the forecast is negative and can have an impact on the American dollar.

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 1.0632. The important levels that prevent the fall are located at 1.0551 and 1.0580. 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 1.5082 and 1.5007. The important level that prevents the fall is located at 1.4896. 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 up, which show a further increase. The important level that prevents the rise is located at 0.7334. The important level that prevents the fall is located at 0.7284. 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 123.69. The important level that prevents the fall is located at 123.11. 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, which show a further increase. The important levels that prevent the rise are located at 1.0306 and 1.0278. The important level that prevents the fall is located at 1.0180. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 67.60. The important levels that prevent the fall are located at 66.80 and 66.50. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1069 and 1056. The important level that prevents the fall is located at 1046. 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