Daily market review for 04.12.2015

EUR/USD trades positively and has reached the level of 1.09, but still keeps tendencies for a further growth. The Interest rate decision for Europe and the negative data for the USA had a positive impact on values of the basic currency pairs. GBP/USD, just like EUR/USD, trades positively. USD/JPY trades negatively and has perspectives for a further decline. Gold trades positively and has perspectives for a further rise.

Market news

Important statistics for the Eurozone and the USA are expected today. No news for the UK will be published today. As to the Eurozone, we recommend to pay attention to the speech of the head of the ECB, Mario Draghi. Some short-term positive or negative tendencies might occur. As to the USA, we recommend to pay attention to the Unemployment report for November, the data is expected to remain on the same level, and can positively influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.0980. The important levels that prevent the fall are located at 1.0792 and 1.0541. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.5158. The important levels that prevent the fall are located at 1.5034 and 1.4921. 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, which show a further decrease. The important levels that prevent the rise are located at 0.7360 and 0.7338. The important level that prevents the fall is located at 0.7289. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 123.58 and 123.09. The important level that prevents the fall is located at 122.32. 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 level that prevents the rise is located at 1.0253. The important level that prevents the fall is located at 0.9876. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay horizontally, but there might be a further increase. The imporant levels that prevent the rise are located at 68.09 and 67.82. The important level that prevents the fall is located at 67.28. 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 1065. The important levels that prevent the fall are located at 1055 and 1048. 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