Daily market review on the 19.08.2014

Daily market review

Monday did not bring any significant fluctuations on the market. No any important statistics were published, so the movements were negligible. EUR/USD is under the selling pressure and trades near its lows. A further decrease in value is considered to continue. GBP/USD trades in a narrow range, but there’s a tendency for a further fall. The statement of the Governor of the Bank of England that the rates will no longer rise in this year has negatively affected the British currency. It’s possible, that a further decrease in value will be less dynamic, but the negative trend is still obvious. The Gold is currently under the selling pressure and there’s a struggle for 1300 level.

Market news

The important statistics for the UK and the USA are expected today. The secondary statistics for Europe are to be published and do not make a strong influence on the market. We recommend to pay attention to the Consumer price index for the UK, the data is expected to be worse than the previous one and can negatively impact the British pound. Considering the USA, we recommend to pay attention to the Consumer Price Index, the positive news are expected and can cause the US dollar to increase in value. Later the Construction statistics are to be published, the forecast is also positive and can impact the US dollar.

Our recommendations

EUR/USD EUR/USD is under the selling pressure. Moving averages stay horizontally but there might be a future decrease. The important levels that prevent the rise are located on 1.3361 and 1.3392. The important level that prevents the fall is located at 1.3350. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

GBP/USD GBP/USD trades in a narrow range. Moving averages stay horizontally, but there might be a future decrease. The important levels that prevent the rise are located at 1.6722 and 1.6729. The important level that prevents the fall is located at 1.6714. 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 that show a further increase. The important level that prevents the rise is located at 0.9341. The important levels that prevent the fall are located at 0.9315 and 0.9308. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

USD/JPY The pair tends to increase in value. Moving averages stay horizontally, but there might be a future increase. The important level that prevents the rise is located at 102.65. The important levels that prevent the fall are located at 102.53 and 102.43. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

GOLD Gold is under the selling pressure. Moving averages stay up that show a further increase. The important levels that prevent the rise are located at 1303 and 1306. The important level that prevents the fall is located at 1295. We recommend to sell Put Options from the resistance levels and to buy Call Options from support levels.

 

 

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