Daily market review on the 30.09.2014

Daily market review

The market is all quiet and still shows no significant fluctuations. Statistics for today can shake the market and set short-term trends. EUR/USD trades in a narrow range at 1.26. There are some tendencies for a further decrease in value, but a certain news flow is necessary. Generally, the euro trades negatively and most investors tend to see a further decline. GBP/USD trades just like EUR/USD in a narrow range. There are some tendencies for a further fall. The US Dollar Index continues to rise and trades near its highs. Gold trades in a narrow range and continues to trade negatively and a further decrease in value is possible.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to Eurozone we recommend to pay attention to the unemployment change in Germany, the data is expected to be better than the previous one and can positively impact the euro. Later this day, the Consumer price index report will be published, the forecast is negative and can influence the European currency. The GDP statistics for the UK will be released, the figures are expected to remain on the same level, but in case of any negative data it can affect the British currency. As regards to the USA we recommend to pay attention to the statistics for the CB (Conference Board) Consumer Confidence, the data is expected to be better than the previous one and can positively impact the American dollar.

Our recommendations

EUR/USD EUR/USD trades in a narrow range. Moving averages stay up, which show a further increase. Important levels that prevent the rise are located 1.2700 and 1.2713. The important level that prevents the fall is located at 1.2680. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels

 

 

GBP/USD GBP/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.6273. The important levels that prevent the fall are located at 1.6254 and 1.6213. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

AUD/USD The Australian dollar tends to gradually stabilize. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.8766. The important levels that prevent the fall are located at 0.8745 and 0.8693. We recommend to sell Put Options at the resistance levels and to buy Call Options at 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 levels that prevent the rise are located at 109.50 and 109.73. The important level that prevents the fall is located at 109.12. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GOLD Gold trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1219 and 1223. The important level that prevents the fall is located at 1215. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

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