Daily market review for 07.12.2015

EUR/USD trades negativey and keeps tendencies for a further decline. Nevertheless, the pair continues to trade near its relative maximum at 1.08. The American dollar has significantly strengthened in pair with other currencies. GBP/USD, just like EUR/USD, trades negatively, and has perspectives for a further fall. USD/JPY trades positively and has perspectives for a further rise. Gold trades positively and keeps tendencies for a further growth.

Market news

Only some secondary data for the Eurozone and the USA will be published today, and is not considered to strongly affect the currencies' values. As to the UK, the head of the Bank of England will perform a speech, some short-term positive or negative tendencies might occur.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0940 and 1.0892. The important level that prevents the fall is located at 1.0851. 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 1.5146 and 1.5125. The important level that prevents the fall is located at 1.5090. 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 increase. The important level that prevents the rise is located at 0.7380. The important level that prevents the fall is located at 0.7304. 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 123.37. The important levels that prevent the fall are located at 122.89 and 122.70. 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 1.0030. The important level that prevents the fall is located at 0.9955. 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 68.39. The important levels that prevent the fall are located at 67.37 and 67.20. 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 level that prevents the rise is located at 1088. The important level that prevents the fall is located at 1057. 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