Daily market review for 14.12.2015

EUR/USD trades negatively, but is still located near the 1.09 level. There might be a further increase. GBP/USD, just like EUR/USD, trades negatively, but has perspectives for a further growth. After the positive economic releases for the USA last Friday, the American dollar has significantly increased in value, which strongly affected the main currency pairs. 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 UK and the USA are expected today and will not strongly influence the market. As to the Eurozone, we recommend to pay attention to the Consumer Price Index report in Italy, the data is expected to remain on the previous level, which can positively affect the euro. Besides, the ECB head Draghi will perform a speech today, which might cause some short-term positive or negative tendencies.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1018. The important levels that prevent the fall are located at 1.0952 and 1.0935. 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 level that prevents the rise is located at 1.5240. The important levels that prevent the fall are located at 1.5165 and 1.5127. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.7263 and 0.7227. The important level that prevents the fall is located at 0.7159. 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 levels that prevent the rise are located at 122.09 and 121.55. The important level that prevents the fall is located at 120.59. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.9978 and 0.9899. The important level that prevents the fall is located at 0.9810. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 70.45. The important levels that prevent the fall are located at 69.52 and 69.02. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1078. The important levels that prevent the further fall are located at 1068 and 1062. 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