Daily market review for 16.12.2015

EUR/USD has started to increase in value after the sharp decline. The pair trades near the 1.09 level and keeps tendencies for a further growth. GBP/USD trades negatively and has perspectives for a further fall. The American dollar began to rise, which affected many currency pairs. The Fed's interest rate decision will be announced today, and will certainly define further tendencies. USD/JPY trades positively and has perspectives for a further rise. Gold trades positively and keeps tendencies for a further growth.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Manufacturing PMI report, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, we recommend to pay attention to the Claimant Count Change report, the forecast is positive and can influence the British pound. As to the USA, the Fed's interest rate will be announced and is expected to be positive. The release will have a big impact on the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.1058 and 1.0993. The important level that prevents the fall is located at 1.0905. 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 1.5178 and 1.5093. The important level that prevents the fall is located at 1.5029. 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 level that prevents the rise is located at 0.7265. The important level that prevents the fall is located at 0.7160. 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 level that prevents the rise is located at 121.97. The important levels that prevent the fall are located at 120.96 and 120.58. 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 down, which show a further decrease. The important level that prevents the rise is located at 0.9925. The important levels that prevent the fall are located at 0.9870 and 0.9800. 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 up, which show a further increase. The important levels that prevent the rise are located at 70.49 and 70.93. The important level that prevents the fall is located at 69.74. 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 1066. The important level that prevents the fall is located at 1059. 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