Daily market review for 16.11.2015

EUR/USD trades negatively and keeps tendencies for a further decline. Many investors increase sales and focus on a further fall. In order to further decrease in value, some negative newsflow for the Eurozone is needed. GBP/USD trades negatively and has perspectives for a further fall. Most investors continue to sell the pair. USD/JPY trades negatively, but still has tendencies for a further rise. Gold trades positively and has tendencies for a further rise.

Market news

Important statistics for the Eurozone and the USA are expected today. No important news for the UK will be published today. As to the Eurozone, we recommend to pay attention to the Core Consumer Price Index report, the data is expected to remain on the same level. As to the USA, we recommend to pay attention to the CFTC Crude Oil and Gold speculative net positions reports.

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 1.0744 and 1.0807. The important level that prevents the fall is located at 1.0685. 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 increase. The important level that prevents the rise is located at 1.5263. The important levels that prevent the fall are located at 1.5206 and 1.5186. 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 levels that prevent the rise are located at 0.7129 and 0.7157. The important level that prevents the fall is located at 0.7098. 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 122.61 and 122.99. The important level that prevents the fall is located at 122.23. 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 1.0076 and 1.0093. The important level that prevents the fall is located at 0.9997. 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 66.80. The important levels that prevent the fall are located at 66.26 and 65.99. 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 up, which show a further increase. The important level that prevents the rise is located at 1098. The important levels that prevent the fall are located at 1092 and 1079. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.