Daily market review for 08.12.2015

EUR/USD trades positively and keeps perspectives for a further growth. The pair continues to trade near 1.08, and there's a possibility to reach the level of 1.09. GBP/USD trades negatively and has perspectives for a further decline. No strong news is currently expected on the market, which allows many currency pairs to trade without a certain trend. USD/JPY trades negatively and has tendencies for a further fall. Gold trades negatively and has tendencies for a further fall.

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, we recommend to pay attention to the Manufacturing Production report, the data is expected to be worse than the previous one and can negatively influence the British pound.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0872. The important levels that prevent the fall are located at 1.0831 and 1.0798. 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 1.5114 and 1.5086. The important level that prevents the fall is located at 1.5038. 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 0.7334 and 0.7282. The important level that prevents the fall is located at 0.7219. 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 down, which show a further decrease. The important levels that prevent the rise are located at 123.50 and 123.41. The important level that prevents the fall is located at 122.08. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.0030 and 1.0010. The important level that prevents the fall is located at 0.9980. 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 69.51. The important levels that prevent the fall are located at 68.99 and 68.43. 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 increase. The important levels that prevent the rise are located at 1085 and 1077. The important level that prevents the fall is located at 1066. 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