Daily market review for 29.12.2015

EUR/USD has begun to trade negatively, but is still located near the 1.10 level. The pair’s further move is indefinite. GBP/USD trades positively and has perspectives for a further rise. USD/JPY trades in a narrow range just like many other currency pairs. The important economic news for the USA will affect the American dollar to move in a certain direction, therefore some negative or positive tendencies are expected to occur. Gold trades positively and has perspectives for a further rise.

Market news

Only some secondary statistics for the Eurozone and the UK are expected today and will not strongly affect the market. As to the USA, we recommend to pay attention to the CB Consumer Confidence report. The data is expected to be better than the previous one and can positively affect 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 1.0993. The important level that prevents the fall is located at 1.0956. 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 increase. The important levels that prevent the rise are located at 1.4914 and 1.4932. The important level that prevents the fall is located at 1.4874. 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 0.7277. The important level that prevents the fall is located at 0.7244. 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 increase. The important levels that prevent the rise are located at 120.41 and 120.63. The important level that prevents the fall is located at 120.21. 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 level that prevents the rise is located at 0.9902. The important levels that prevent the fall are located at 0.9870 and 0.9859. 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, the price chart’s further move is indefinite. The important level that prevents the rise is located at 72.41. The important levels that prevent the fall are located at 71.43 and 69.98. 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 level that prevents the rise is located at 1074. 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