Daily market review for 24.12.2015

The price chart of EUR/USD went in an opposite direction after the negative releases for the USA. The pair trades positively and is still located near the 1.09 level with perspectives for a further growth. GBP/USD, just like EUR/USD, trades positively and has tendencies for a further rise. There will be no more fundamental data on this week, therefore the further values will directly depend on traders’ activity. USD/JPY trades negatively and has perspectives for a further decline. Gold trades positively and has perspectives for a further rise.

Market news

As to the Eurozone, we recommend to pay attention to the France Jobseekers Total report. As to the UK, we recommend to pay attention to the BBA Mortgage approvals, the data is expected to be better than the previous one and can positively affect the British pound. As to the USA, the Initial Jobless Claims report will be published, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0942. The important levels that prevent the fall are located at 1.0903 and 1.0870. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.4900. The important levels that prevent the fall are located at 1.4854 and 1.4832. 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 0.7260. The important levels that prevent the fall are located at 0.7226 and 0.7208. 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 down, which show a further decrease. The important level that prevents the rise is located at 121.02. The important level that prevents the fall is located at 120.50. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.9920 and 0.9945. The important level that prevents the fall is located at 0.9880. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 70.34 and 70.95. The important level that prevents the fall is located at 69.39. 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 1075. The important levels that prevent the fall are located at 1070 and 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