Daily market review for 23.12.2015

With the US negative data from yesterday the market reacted quite predictably, but currently some opposite trends are about to form. Some assets trade sideways, that’s why their further values will be influenced by the economic news for today. EUR/USD continues to trade negatively, but is still located near the 1.09 level and keeps tendencies for a further decline. GBP/USD trades positively and has perspectives for a further rise. USD/JPY is still located in a narrow range. Gold trades positively and has tendencies for a further growth.

Market news

Only some secondary data for the Eurozone will be published today and won't strongly affect the market. As to the UK, we recommend to pay attention to the GDP report for the third quarter, the data is expected to remain on the same level and can positively influence the British pound. As to the USA, we recommend to pay attention to the Core Durable Goods Orders report, the data is expected to be worse than the previous one and can have a negative impact on the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.0983. The important levels that prevent the fall are located at 1.0933 and 1.0902. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.4878 and 1.4907. The important level that prevents the fall is located at 1.4807. 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 0.7248. The important level that prevents the fall is located at 0.7223. 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 121.14 and 121.27. The important level that prevents the fall is located at 120.72. 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 levels that prevent the rise are located at 0.9907 and 0.9938. The important level that prevents the fall is located at 0.9859. 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 71.28. The important level that prevents the fall is located at 70.85. 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 levels that prevent the rise are located at 1077 and 1082. The important level that prevents the fall is located at 1071. 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