Daily market review for 30.11.2015

EUR/USD trades negatively, but there's a possibility, that some positive data for the Eurozone will infuence the pair to grow. In the same time, if the American dollar continues to strengthen, it will definitely make EUR/USD to fall further. GBP/USD, just like EUR/USD, trades negatively. In order to further increase in value, some positive news for the UK will be necessary. USD/JPY trades positively and has perspectives for a further growth. Gold trades negatively and keeps tendencies for a further decline.

Market news

Important statistics for the Eurozone and the USA are expected today. Some secondary economic data for the UK will be published, but won't strongly affect the market. As to the Eurozone, we recommend to pay attention to the Consumer Price Index reports for Italy and Germany. The forecast is positive and can infuence the euro's value. As to the USA, we recommend to pay attention to the Pending Home Sales report for October, 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0638 and 1.0605. The important level that prevents the fall is located at 1.0569. 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 1.5110 and 1.5070. The important level that prevents the fall is located at 1.5016. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.7239 and 0.7208. The important level that prevents the fall is located at 0.7170. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 122.90. The important levels that prevent the fall are located at 122.64 and 122.33. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.0328. The important level that prevents the fall is located at 1.0225. 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 66.85. The important levels that prevent the fall are located at 65.88 and 65.58. 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 decrease. The important levels that prevent the rise are located at 1073 and 1066. The important level that prevents the fall is located at 1052. 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