Daily market review on the 11.09.2014

Daily market review

EUR/USD trades in a narrow range higher than 1.29. There are some tendencies for a further increase, since the current fall was too active. GBP/USD tends to gradually stabilize. All attention paid to the Scottish Independence referendum. Depending on final results, a market’s reaction could be radically different. Some investors consider that the Scottish Independence from the UK was already worked out by the market, but some of them are awaiting a significant movement down to 1.55. In order to make a final decision, the referendum’s results are being awaited. Gold has renewed its low and trades lower 1250. It tends to fall and there are some tendencies for a further decrease.

Market news

Today does not bring a lot of important statistics. As to Europe we recommend to pay attention to the Consumer price index in Germany and France. The data is expected to be better than the previous one and can positively impact the euro. There are no important statistics for the UK. As regards to the USA we recommend to pay attention to the statistics on applications for unemployment benefits, the forecast is positive in comparison with the previous results and can influence the American dollar.

Our recommendations

EUR/USD EUR/USD trades in a narrow range. Moving averages stay down which show a further decrease. The key resistance levels are located at 1.2923 and 1.2961. The key support level is located at 1.2882. 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 stabilize. Moving averages stay horizontally, but there might be a further increase. The key resistance level is located at 1.6229. The key support levels are located at 1.6184 and 1.6123. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

AUD/USD The Australian dollar is under selling pressure. Moving averages stay up which show a further increase. The key resistance levels are located at 0.9195 and 0.9217. The key support level is located at 0.9112. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

USD/JPY The pair tends to rise. Moving averages stay up which show a further increase. The key resistance level is located at 106.96. The key support levels are located at 106.63 and 106.33. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GOLD Gold has renewed its low. Moving averages stay down but there might be a further decrease. The key resistance levels are located at 1251 and 1254. The key support level is located at 1244. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

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