Daily market review on the 25.09.2014

Daily market review

EUR/USD continues to fall and has renewed its year low. The interview with the head of the European Central Bank, Draghi, caused such decline. Draghi stated, that the stabilization of the European economy was going at a very slow pace. Draghi also added, that the ECB was ready to new stimulus measures to raise inflation rate in Europe. The US Dollar Index continues to rise significantly to new peaks. GBP/USD is again under selling pressure and there are some tendencies for further decrease in value. USD/JPY has strengthened higher than 109 and tends to rise. Gold trades near its lows.

Market news

Today does not bring a lot of important statistics. Only secondary statistics for Eurozone and the UK are expected, the data will not influence the market. As regards to the USA, we recommend to pay attention to the statistics on basic orders for durable goods, the data is expected to be better than the previous one and can positively impact the American dollar. Later this day the report on applications for Unemployment Benefits will be released, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD EUR/USD is under pressure. Moving averages stay horizontally, but there might be a further decrease. The key resistance levels are located at 1.2799 and 1.2862. The key support level is located at 1.2762. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GBP/USD GBP/USD is under pressure. Moving averages stay horizontally, but there might be a further decrease. The key resistance levels are located at 1.6353 and 1.6412. The key support level is located at 1.6314. 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 selling pressure. Moving averages stay down which show a further decrease. The key resistance levels are located at 0.8867 and 0.8896. The key support level is located at 0.8815. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

USD/JPY The pair tends to rise. Moving averages stay horizontally but there might be a further increase. The key resistance level is located at 109.32. The key support levels are located at 109.06 and 108.48. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GOLD Gold is under selling pressure. Moving averages stay down which show a further decrease. The key resistance levels are located at 1215 and 1224. The key support level is located at 1212. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

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