Daily market review for 27.11.2015

EUR/USD trades positively and keeps tendencies for a further rise. Some positive data for the Eurozone could influnce the currency pair to increase in value. Since the holidays in the USA still continue, the Stock Exchange will be closed earlier, and traders don't expect to see any strong movements in the US dollar's value. GBP/USD trades negatively, some important news for the UK can impact the asset to move further. USD/JPY trades negatively and has perspectives for a further fall. Gold trades negatively and has perspectives for a further fall.

Market news

Important statistics for the Eurozone and the UK are expected today. Only some secondary news for the USA will be published, which will not strongly affect the market. As to the Eurozone, we recommend to pay attention to the Spanish Consumer Price Index report, the data is expected to be worse than the previous one and can negatively influence the euro. As to the UK, we recommend to pay attention to the GDP report for the third quarter, the results are expected to remain on the previous level, but can affect the further direction of the British pound.

Our recommendations

EUR/USD tardes positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0625. The important levels that prevent the fall are located at 1.0606 and 1.0600. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1.5128 and 1.5106. The important level that prevents the fall is located at 1.5066. 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 down, which show a further decrease. The important level that prevents the rise is located at 0.7239. The important level that prevents the fall is located at 0.7210. 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 levels that prevent the rise are located at 122.74 and 122.67. The important level that prevents the fall is located at 122.36. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF 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 1.0253 and 1.0245. The important level that prevents the fall is located at 1.0216. 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 66.20. The important levels that prevent the fall are located at 65.44 and 65.32. 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 1074 and 1072. 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.