Daily market review for 24.11.2015

EUR/USD trades negatively, but still keeps tendencies for a further decline. Most investors are intended to increase sales and focus on 1.04, but some strong negative data for the Eurozone is needed. GBP/USD, just like EUR/USD, trades negatively. The pair has perspectives for a further fall, but some negative news for the UK is necessary. USD/JPY trades negatively and has perspectives for a further decline. Gold trades positively and has perspectives for a further rise.

Market news

Important statistics for the Eurozone and the USA are expected today. No important data for the UK will be published today. As to the Eurozone, we recommend to pay attention to the German Ifo Business Climate Index report, the data is expected to remain on the same level, but can positively affect the euro. As to the USA, we recommend to pay attention to the GDP report for the third quarter of this year, the forecast is positive and can influence the US dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.0655 and 1.0640. The important level that prevents the fall is located at 1.0595. 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 1.5188 and 1.5165. The important level that prevents the fall is located at 1.5115. 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 up, which show a further increase. The important level that prevents the rise is located at 0.7204. The important levels that prevent the fall are located at 0.7175 and 0.7160. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 123.25. The important levels that prevent the fall are located at 122.85 and 122.69. 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 up, which show a further increase. The important levels that prevent the rise are located at 1.0225 and 1.0210. The important level that prevents the fall is located at 1.0175. 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 decrease. The important level that prevents the rise is located at 67.00. The important levels that prevent the fall are located at 65.00 and 64.17. 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 1075 and 1072. The important level that prevents the fall is located at 1068. 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.