Daily market review for 11.11.2015

EUR/USD is correcting after the active fall. Some tendencies for a further decline still remain, but some negative newsflow for the Eurozone is needed. Many investors increase sales at each peak and focus on a further fall down to 1.04. GBP/USD, just like EUR/USD, is correcting after the active decrease in value. USD/JPY trades negatively, but still has perspectives for a further rise. Gold trades positively and has perspectives for a further growth.

Market news

Important statistics for the Eurozone and the UK are expected today. No important news for the USA will be published today. As to the Eurozone, the ECB President Draghi will perform a speech, there can be some multidirectional movements during the performance. As to the UK, we recommend to pay attention to the Average Earnings Index report, the data is expected to be positive and can affect the British pound.

Our recommendations

EUR/USD trades in a narow range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0748 and 1.0772. The important level that prevents the fall is located at 1.0699. 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 1.5158 and 1.5184. The important level that prevents the fall is located at 1.5100. 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 level that prevents the rise is located at 0.7077. The important levels that prevent the fall are located at 0.7056 and 0.7015. 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 123.02 and 123.44. The important level that prevents the fall is located at 122.75. 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 levels that prevent the rise are located at 1.0044 and 1.0085. The important level that prevents the fall is located at 1.0028. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 64.18 and 64.50. The important level that prevents the fall is located at 63.83. 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 1095. The important levels that prevent the fall are located at 1090 and 1085. 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