Daily market review on the 15.08.2014

Daily market review

Yesterday there were no significant fluctuations on the market, though some movements appeared. EUR/USD attempted to breach and consolidate higher than 1.34, but did not succeed. The euro is still under the pressure and medium-term targets are located much lower than the current levels. GBP/USD is no longer falling and seems to stabilize. Some significant movements don’t seem to appear, but the consolidation on 60-80 points is possible. In the medium-term goals even much lower targets are expected. USD/JPY continues to trade in a narrow range. Investors are not appealing to the JPY, considering the lack of market volatility. The Gold attempted to increase in value, but got back to its initial positions.

Market news

The important statistics for the UK and the USA are expected today. We recommend to pay attention to the GDP statistics for the UK, the figures are expected to stay on the same level as the previous ones and no significant changes seem to appear. Considering the USA we recommend to pay attention to the statistics for Producer price index, the forecast is negative and can impact the US dollar. Later the Industrial production statistics are to be published, the data is expected to be better that the previous one and it can influence on the USD.

Our recommendations

EUR/USD  trades in a narrow range. Moving averages tend to stay horizontally, but there might be a future decrease. The important levels that prevent the rise are located at 1.3366 and 1.3405. The important level that prevents the fall is located at 1.3346. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

GBP/USD  tends to stabilize. Moving averages stay up and there might be a future increase. The important level that prevents the rise is located at 1.6695. The important levels that prevent the fall are located at 1.6667 and 1.6656. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

AUD/USD The Australian dollar tends to increase in value. Moving averages stay up and there might be a future increase. The important level that prevents the rise is located at 0.9326. The important levels that prevent the fall are located at 0.9307 and 0.9287. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

USD/JPY The pair trades in a narrow range. Moving averages stay up and there might be a future increase. The important levels that prevent the rise are located at 102.57 and 102.65. The important levels that prevent the fall are located at 102.43 and 102.31. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

GOLD Gold trades in a narrow range. Moving averages stay horizontally and there might be a future increase. The important levels that prevent the rise are located at 1314 and 1319. The important levels that prevent the fall are located at 1311 and 1309. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.