Daily market review for 22.12.2015

EUR/USD has succeeded to reach the 1.09 level, but currently trades negatively and keeps tendencies for a further decline. GBP/USD, just like EUR/USD, trades negatively and has perspectives for a further fall. USD/JPY is still located in a narrow range. During the day the values of most currency pairs will be influenced by the important releases for the USA. There might be new trends. Gold trades positively and has perspectives to further increase in value.

Market news

Only some secondary data for the Eurozone and the UK are expected today and won't strongly affect the market. As to the USA, we recommend to pay attention to the GDP value for the third quarter and the Existing Home Sales report. In both cases 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 decrease. The important level that prevents the rise is located at 1.0939. The important levels that prevent the fall are located at 1.0890 and 1.0848. 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 1.4899 and 1.4929. The important level that prevents the fall is located at 1.4878. 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 0.7226. The important levels that prevent the fall are located at 0.7181 and 0.7156. 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 decrease. The important levels that prevent the rise are located at 121.31 and 121.53. The important level that prevents the fall is located at 120.86. 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 0.9963. The important level that prevents the fall is located at 0.9900. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 71.30. The important level that prevents the fall is located at 71.00. 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 1081. The important level that prevents the fall is located at 1066. 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.