Daily market review for 05.11.2015

EUR/USD trades negatively and has tendencies for a further fall. The next target is 1.07. Most investors continue to increase sales, but some negative news for the Eurozone is necessary in order to perform a further fall. GBP/USD trades negatively and has perspectives for a further decrease in value, but some negative newsflow for the UK is needed. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and has tendencies 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 Retails sales report, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, we recommend to pay attention to the Interest rate decision, the rate is expected to remain on the same level. As regards to the USA, we recommend to pay attention to the Unit Labor Costs report, the forecast is positive and can affect the American dollar.

Our recommendations

EUR/USD 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 1.0876 and 1.0938. The important level that prevents the fall is located at 1.0842. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD 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 1.5393 and 1.5444. The important level that prevents the fall is located at 1.5360. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD 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 0.7154 and 0.7223. The important level that preventst the fall is located at 0.7125. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY 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 121.57 and 121.72. The important level that prevents the fall is located at 121.14. 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 up, which show a further increase. The important level that prevents the rise is located at 0.9950. The important levels that prevent the fall are located at 0.9921 and 0.9884. 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 up, which show a further increase. The important levels that prevent the rise are located at 63.46 and 63.83. The important level that prevents the fall is located at 62.09. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD 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 1111 and 1121. The important level that prevents the fall is located at 1106. 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.