Daily market review on the 25.08.2014

Daily market review

The market has opened with some small gaps on the price charts. EUR/USD gapped lower to open of 45 points. It’s not succeeded to strengthen lower 1.32, but the pressure on the pair is increasing. The current inflation rate is still low, but if some further measures are not taken it can lead to deflation. The euro-zone economy shows no rise. GBP/USD gapped to open of 25 points. There’s still a pressure on the pair but there are some tendencies for a further decrease in value. USD/JPY has strengthened higher than 104.00 which is definitely a positive signal for the asset’s sellers. Gold is still under the pressure and trades in a narrow range.

Market news

The important statistics for Europe and the USA are expected today. As regards to Europe we recommend to pay attention to the statistics for Business expectations in Germany, the data is expected to be worse than the previous one and can negatively impact the euro. Today is the holiday in the UK and no statistics are expected. As to the USA, we recommend to pay attention to the statistics for the new home sales, the positive forecast is expected and can impact the US dollar.

Our recommendations

EUR/USD EUR/USD tends to decrease in value. Moving averages stay up that show a further increase. The important levels that prevent the rise are located at 1.3245 and 1.3280. The important level that prevents the fall is located at 1.3184. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

GBP/USD GBP/USD is under the strong selling pressure. Moving averages stay up that show a further increase. The important levels that prevent the rise are located at 1.6564 and 1.6594. The important level that prevents the fall is located at 1.6537. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

AUD/USD The Australian dollar attempts to rise. Moving averages stay up that show a further increase. The important level that prevents the rise is located at 0.9328. The important level that prevents the fall is located at 0.9291. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

USD/JPY The pair rises actively. Moving averages stay horizontally but there might be a further increase. The important level that prevents the rise is located at 104.27. The important levels that prevent the fall are located at 104.12 and 103.84. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

GOLD Gold is under the pressure. Moving averages stay down that show a further decrease. The important levels that prevent the rise are located at 1279 and 1283. The important level that prevents the fall is located at 1274. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

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