Daily market review for 27.10.2014

The market has opened without any significant fluctuations. EUR/USD trades positively. There are some perspectives for a further short-term rise, but the common trend stays down. Many investors enlarge to sell the asset. GBP/USD trades positively. Many investors consider to sell the asset in short-term and medium-term perspectives. USD/JPY consolidates after its active rise, but the positive sentiment still remains, therefore a further increase in value is possible. Gold gradually stabilizes after its fall, there are some tendencies for a further rise.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German lfo Business Climate Index, the data is expected to be worse, than the previous one and can negatively impact the euro. There are no important statistics for the UK today. As regards to the USA, we recommend to pay attention to the Pending Home Sales, the results are expected to be positive and can impact the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.2713. The important levels that prevent the fall are located at 1.2671 and 1.2633. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.6107. The important levels that prevent the fall are located at 1.6070 and 1.6016. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.8823. The important levels that prevent the fall are located at 0.8789 and 0.8749. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY consolidates after its active rise. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 108.01 and 108.24. The important level that prevents the fall is located at 107.85. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD gradually stabilizes. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1232 and 1234. The important level that prevents the fall is located at 1230. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.