Daily market review on the 10.09.2014

Daily market review

There are no significant fluctuations on the market. EUR/USD has started to consolidate after its active decrease in value up to its 14-month low. The consolidation is not likely to be noticeable and the pair’s further fall is considered soon. GBP/USD, so does EUR/USD, has started to consolidate after its active decrease in value. In general the pair has only one tendency – to await an upcoming referendum in Scotland. After the voting, a medium-term direction of the British currency will be defined. USD/JPY continues to rise near its 6-month highs. Gold attempts to rise.

Market news

Today does not bring a lot of important statistics. As to Europe, we recommend to pay attention to the sales statistics for the German 10-year bunds. The data shows an average yield of the traded bunds. No statistics are expected in the UK. As regards to the USA, we recommend to pay attention to the sales statistics for the 10-year bunds.

Our recommendations

EUR/USD EUR/USD tends to stabilize. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.2955. The important levels that prevent the fall are located at 1.2921 and 1.2872. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GBP/USD GBP/USD tends to gradually stabilize. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.6137 and 1.6155. The important levels that prevent the fall are located at 1.6100 and 1.6058. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

AUD/USD The Australian dollar remains under selling pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.9217 and 0.9287. The important level that prevents the fall is located at 0.9156. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

USD/JPY The pair trades near its highs. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 106.51. The important levels that prevent the fall are located at 106.23 and 106.03. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GOLD Gold attempts to stabilize. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1258. The important levels that prevent the fall are located at 1253 and 1247. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

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