Daily market review for 22.12.2014

EUR/USD is being traded close to its yearly minimum value. Many investors expect that the prices will reach the mark of 1.20. With the negative economic, condition in Europe, that mark might be even reached until the end of this year. The positive for the USA economic development is weakening the Euro. Within the current state, it is dangerous to open PUT positions, however if any any sudden changes appear, it is worth looking at such options. GBP/USD is being traded negatively. It is possible to see a further fall but for that to happen we need to see some negative economic news about the UK. The USD/JPY is being traded close to 120 and there is a possibility for further growth. Gold continues to move in a narrow corridor but there is a possibility of growth.

Market News

Today we are all expecting important US statistic. Regarding Europe, we are expecting a secondary statistic, which is not thought to have a huge significance for the market. There are no important news regarding the UK. USA is expecting an important statistic regarding the properties sales. Looks like the results will be worst than previously reported and this can affect negatively on the USD.

Our Recommendations

EUR/USD is under a huge pressure. 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 1.2234 and 1.2300. The important level of fall is around the border of 1.2219. 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 negatively. The moving averages are also horizontal but there is a possible fall. The important level of growth to watch for is around the border of 1.5681. The important level of fall is around the borders of 1.5621 and 1.5604. 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 once again under pressure. The moving averages are in a horizontal position, but there is a possible fall. The important level of growth to watch for is around the border of 0.8147 and 0.8185. The important level of fall is around the borders of 0.8121. 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 horizontal position but there is a possible growth. The important level of growth to watch for is around the border of 119.59. The important level of fall is around the borders of 119.32 and 118.82. 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 fall is possible. The important level of growth to watch for is around the border of 1197 and 1200. The important level of fall is around the borders of 1194. 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.