Daily market review for 17.11.2015

EUR/USD renewed lows in the last half of year and currently trades below 1.07. The pair still keeps tendencies for a further fall, but some strong negative newsflow for the Eurozone is needed. Many investors continue to increase sales at each peak of the price chart. GBP/USD, just like EUR/USD, trades negatively and has perspectives for a further decline. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and has tendencies for a further decrease in value.

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 ZEW Economic Sentiment 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 Consumer Price Index report, the data is expected to remain on the same level. As to the USA, the Core CPI will be released, the results are expected to remain on the previous level.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0689 and 1.0756. The important level that prevents the fall is located at 1.0655. 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 1.5203 and 1.5226. The important level that prevents the fall is located at 1.5165. 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 levels that prevent the rise are located at 0.7107 and 0.7131. The important level that prevents the fall is located at 0.7078. 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 level that prevents the rise is located at 123.44. The important levels that prevent the fall are located at 123.17 and 122.39. 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 up, which show a further increase. The important level that prevents the rise is located at 1.0116. The important levels that prevent the fall are located at 1.0091 and 1.0043. 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 65.61 and 66.39. The important level that prevents the fall is located at 64.85. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1085 and 1098. The important level that prevents the fall is located at 1077. 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.