Daily market review on the 27.08.2014

Daily market review

EUR/USD continues to fall actively. It has renewed another eleven-month low. There are no any positive news in Europe and it’s quite possible that there will be a further fall. The European economy is stagnating and the volumes of private lending remain low, that negatively impact the inflation level. GBP/USD is still under the pressure. Currently there’s a struggle for 1.6536 mark and sellers are not able to breach the level at the moment. The USD index trades near its highs. USD/JPY maintains a quite flat stance, but a further increase in value is possible. Gold attempted to stabilize, but did not succeed.

Market news

There are not many news for today. As to Europe we recommend to pay attention to the statistics for Consumer climate index in Germany, the data is expected to be on the same level which is unlikely to somehow impact the market. There are no any statistics for the UK. As to the USA, only the secondary statistics will be published and do not influence the market. The market is currently under the physical influence by investors.

Our recommendations

EUR/USD EUR/USD remains low. Moving averages stay down that show a further fall. The important levels that prevent the rise are located at 1.3176 and 1.3207. The important level that prevents the fall is located at 1.3151. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

GBP/USD GBP/USD continues to fall. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.6558 and 1.6592. The important level that prevents the fall is located at 1.6536. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

AUD/USD The Australian dollar trades in a narrow range. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.9329. The important levels that prevent the fall are located at 0.9300 and 0.9271. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

USD/JPY The pair trades in a narrow range. Moving averages stay horizontally but there might be a further increase. The important level that prevents the rise is located at 104.16. The important levels that prevent the fall are located at 103.93 and 103.75. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

GOLD Gold continues to trade in a narrow range. Moving averages stay horizontally but there might be a further increase. The important levels that prevent the rise are located at 1284 and 1291. The important levels that prevent the fall are located at 1280 and 1274. We recommend to sell Put Options from the resistance levels and to buy Call Options from the support levels.

 

 

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