Daily market review for 17.12.2015

After the Fed’s decision in regards to the interest rate increase traders reacted predictably, which helped to form quite clear trends. The American dollar has risen significantly, and some positive and negative tendencies have occurred. EUR/USD started to decrease in value and currently trades near the 1.08 level, but is likely to grow. GBP/USD, just like EUR/USD, trades negatively and has perspectives for a further decline. There might be new trends, since some important economic news will be released during the day. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and has tendencies for a further fall.

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 Ifo Business Climate Index, the data is expected to remain on the same level and can positively influence the euro. As to the UK, we recommend to pay attention to the Retail Sales report, the forecast is positive and can affect the British pound. As to the USA, the Philadelphia Fed Manufacturing Index report will be released, the data is expected to be worse than the previous one and might have a negative impact on the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0993 and 1.0914. The important level that prevents the fall is located at 1.0832. 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 levels that prevent the rise are located at 1.5003 and 1.5084. The important level that prevents the fall is located at 1.4924. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.7213 and 0.7276. The important level that prevents the fall is located at 0.7166. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 122.64. The important levels that prevent the fall are located at 121.80 and 121.51. 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 level that prevents the rise is located at 0.9965. The important levels that prevent the fall are located at 0.9889 and 0.9814. 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 level that prevents the rise is located at 70.53. The important level that prevents the fall is located at 69.95. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1072 and 1077. The important level that prevents the fall is located at 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