Daily market review on the 18.09.2014

Daily market review

There are significant fluctuations on the market. Today is expected to remain such movements. The US Dollar Index shows new highs. EUR/USD has renewed its 14-month low and remains under strong selling pressure. GBP/USD is under pressure, besides that the referendum is supposed to be held today therefore some strong movements are expected. Final results of the referendum will be released tomorrow. The price can fluctuate in different directions. USD/JPY has renewed its 6-month high. Gold remains under strong selling pressure and has renewed its 9-month low.

Market news

A lot of important statistics for the UK and the USA are expected today. As to Europe we recommend to pay attention to the retail sales report, the data is expected to be better than the previous one and can positively impact the British currency. The Construction statistics will be published in the USA, the forecast is negative and can influence the American dollar. Later this day the Philadelphia Fed Manufacturing index will be released, the figures are expected to be negative and can cause the American dollar to be under pressure.

Our recommendations

EUR/USD EUR/USD is under strong selling pressure. Moving averages stay horizontally but there might be a further decrease. The important levels that prevent the rise are located at 1.2872 and 1.2978. The important level that prevents the fall is located at 1.2833. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GBP/USD GBP/USD is again under selling pressure. Moving averages stay horizontally but there might be a further decrease. The important levels that prevent the rise are located at 1.6275 and 1.6333. The important level that prevents the fall is located at 1.6246. 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 strong selling pressure. Moving averages stay horizontally but there might be a further decrease. The important levels that prevent the rise are located at 0.8974 and 0.9071. The important level that prevents the fall is located at 0.8938. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

USD/JPY The pair has renewed its another high. Moving averages stay up which show a further increase. The important level that prevents the rise is located at 108.75. The important levels that prevent the fall are located at 108.36 and 107.40. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GOLD Gold has renewed its another low. Moving averages stay horizontally but there might be a further decrease. The important levels that prevent the rise are located at 1224 and 1239. The important level that prevents the fall is located at 1216. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

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