Daily market review for 09.12.2015

EUR/USD trades positively and has succesfully reached the 1.09 level. The pair has tendencies for a further growth. GBP/USD starts to gradually increase in value after its active fall. It has perspectives for a further rise, but the pair's price at this moment is only influenced by the US economic data. The American dollar weakened from its recent highs. There's still no strong market news, which allows many currency pairs to trade without a certain trend. USD/JPY trades negatively and has perspectives for a further decline. Gold trades positively and has perspectives for a further rise.

Market news

Only some secondary data for the Eurozone is expected today, and won't strongly affect the market. No economic news for the UK will be published today. As to the USA, we recommend to pay attention to the Crude oil inventories. The data is expected to be better than the previous one and can positively influence the American dollar.

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 1.0923. The important levels that prevent the fall are located at 1.0866 and 1.0840. 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 1.5061. The important levels that prevent the fall are located at 1.4981 and 1.4957. 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 0.7244. The important levels that prevent the fall are located at 0.7201 and 0.7186. 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 123.20 and 123.03. The important level that prevents the fall is located at 122.66. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.9987 and 0.9946. The important level that prevents the fall is located at 0.9916. 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 down, which show a further decrease. The important levels that prevent the rise are located at 69.87 and 69.55. The important level that prevents the fall is located at 68.99. 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 up, which show a further increase. The important level that prevents the rise is located at 1078. The important levels that prevent the fall are located at 1071 and 1067. 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