Daily market review for 13.11.2015
EUR/USD gradually corrects after the active fall, but still remain tendencies for a further decline. Many investors continue to increase sales and focus on the 1.04, but some strong negative news for the Eurozone will be necessary. GBP/USD trades in a narow range and has perspectives for a further fall. USD/JPY continues to trade in a narrow range and has perspectives for a further growth. Gold gradually stabilizes and has tendencies for a further rise. Market news Important statistics for the Eurozone and the USA are expected today. No important data for the UK will be published today. As to the Eurozone, we recommend to pay attention to the GDP reports, the data is expected to be worse than the previous one and can negatively impact the euro. As to the USA, we recommend to pay attention to the Core Retail Sales 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 1.0788 and 1.0828. The important level that prevents the fall is located at 1.0690. 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 1.5213 and 1.5241. The important level that prevents the fall is located at 1.5173. 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 0.7138. The important levels that prevent the fall are located at 0.7118 and 0.7085. 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 122.78 and 123.08. The important level that prevents the fall is located at 122.51. 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 1.0036 and 1.0084. The important level that prevents the fall is located at 0.9988. 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 level that prevents the rise is located at 66.73. The important levels that prevent the fall are located at 66.21 and 65.44. 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 1085. The important levels that prevent the fall are located at 1080 and 1074. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.