Daily market review for 19.12.2014

This week set a new trends for most of the currencies. On the base of the stability of the USD, EUR/USD is still under sales pressure. It could be very soon that we might witness another new low and this might even happen today. Overall, the current downwards trend stays the same and many investors are increasing the volume of their sales. The GBP/USD is gradually getting back in a positive position and there are good prospects of further growth. USD/JPY is trading positively and has good prospects of growth as well. Gold is being traded in a very narrow corridor, however there is a good chance of price growth.

Market News

Today we are all waiting for very important statistics in Europe. It is worth looking at the index regarding the price change of German manufacturers. The prices are expected to stay very much on par, however if the statistics show a negative result, then the EUR/USD will continue to fall. There are no news about the situation in the UK, therefore don't expect any big changes. Regarding the USA a secondary statistic is awaited and there is no much hope for any serious changes either.

Our Recommendations

EUR/USD is being traded ina negative direction. The moving averages are currently in a horizontal postion but a further fall might take place. The important level of growth to watch for is in the borders of 1.2297 and 1.2336. The important level of fall is around the border of 1.2265. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

 

GBP/USD is being traded positively. The moving averages are also horizontal but there is a possible growth. The important level of growth to watch for is around the border of 1.5676. The important level of fall is around the borders of 1.5630 and 1.5548. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

 

AUD/USD is gradually regaining its strength. The moving averages are in a growth direction, which gives indication of further growth. The important level of growth to watch for is around the border of 0.8202. The important level of fall is around the borders of 0.8153 and 0.8119. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

USD/JPY is being traded positively. The moving averages are in a growth direction which indicates further growth. The important level of growth to watch for is around the border of 119.36. The important level of fall is around the borders of 118.79 and 118.22. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GOLD is currently being traded in a very narrow corridor. The moving averages are in a horizontal level but a future growth is possible. The important level of growth to watch for is around the border of 1200 and 1214. The important level of fall is around the borders of 1192. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

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.