Daily market review for 30.12.2015

EUR/USD trades in a narrow range and locates near the 1.09 level with perspectives for a further rise. Some short-term tendencies occurred after the US negative data, but now most currency pairs trade either in an opposite direction or without a certain trend. Nevertheless, the situation can completely change during the day. GBP/USD trades positively and has tendencies for a further growth. USD/JPY has started to trade negatively after the sharp rise. The asset has perspectives for a further decline. Gold also trades in a narrow range, but there might be a further increase.

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 Pending Home Sales report. The data is expected to be better than the previous one and can positively affect the American dollar.

Our recommendations

EUR/USD 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 1.09432 and 1.0991. The important level that prevents the fall is located at 1.0899. 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 up, which show a further increase. The important levels that prevent the rise are located at 1.4850 and 1.4913. The important level that prevents the fall is located at 1.4786. 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 0.7302. The important level that prevents the fall is located at 0.7262. 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 120.58. The important levels that prevent the fall are located at 120.35 and 120.25. 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 0.9943. The important levels that prevent the fall are located at 0.9906 and 0.9862. 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 72.79. The important levels that prevent the fall are located at 72.08 and 71.80. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD 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 1072 and 1074. The important level that prevents the fall is located at 1067. 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