Daily market review for 13.10.2014

The market has opened without any significant fluctuations. EUR/USD has started to rise with the opening and shows an interest from buyers from the asset. There are some tendencies for a further increase in value. Currently many investors are discussing a further euro’s perspectives after its quantitative easing. GBP/USD trades positively and tends to rise. USD/JPY trades negatively. A pressure on the asset becomes stronger and there are some tendencies for a further fall. Gold trades positively, many investors consider a further rise.

Market news

Today has a very weak newsflow. No important statistics for the Eurozone, the UK and the USA are expected today, that’s why most currencies can be physically affected by investors. Generally, this week seems to be active and an important data will be published already tomorrow.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.2696. The important levels that prevent the fall are located at 1.2633 and 1.2604. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.6125. The important levels that prevent the fall are located at 1.6061 and 1.6008. 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 rise. The important level that prevents the rise is located at 0.8784. The important levels that prevent the fall are located at 0.8719 and 0.8651. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY remains under pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 107.38 and 108.04. The important level that prevents the fall is located at 107.05. 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 up, which show a further increase. The important level that prevents the rise is located at 1235. The important levels that prevent the fall are located at 1229 and 1217. 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.