Daily market review for 31.12.2015

EUR/USD trades without a certain trend and continues to locate near the 1.09 level with perspectives for a further rise. Since there will be no more important data on this week, the further direction of the currency pairs will directly depend on traders' activity. GBP/USD trades positively and has perspectives for a further growth. USD/JPY started to fall after the negative news for the USA. It has perspectives for a further decline. Gold still trades in a narrow range, but there might be a further increase.

Market news

There will be no economic releases for the Eurozone. Only some secondary statistics for the UK will be published today and will not strongly affect the market. As to the USA, we recommend to pay attention to the Chicago PMI report. The data is expected to be better than the previous one and can positively affect the American dollar.

Our recommendations

EUR/USD trades indefinitely. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.0944. The important levels that prevent the fall are located at 1.0919 and 1.0902. 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 level that prevents the rise is located at 1.4848. The important levels that prevent the fall are located at 1.4809 and 1.4793. 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 0.7308. The important level that prevents the fall is located at 0.7271. 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 120.66. The important level that prevents the fall is located at 120.35. 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 0.9923. The important level that prevents the fall is located at 0.9858. 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 74.06. The important level that prevents the fall is located at 72.67. 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 1068 and 1071. The important level that prevents the fall is located at 1059. 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