Daily market review for 23.12.2014

EUR/USD is still under sales pressure. Yesterday it reached a new low. Overall the EUR/USD has prospects for further fall. That decrease depends on on the economic news in Europe. GBP/USD, just like the EUR/USD, is under sales pressure. The further fall of the price depends on economic news regarding the UK.USD/JPY is being traded in a positively and managed to stabilize the high level of 120.00. Gold is under a sales pressure and there are prospects for further fall.

Market News

Today, we are all waiting for important statistic regarding Europe, UK and the USA. Regarding Europe, it is important to pay attention to the French market. Expected are news about the previous period and if the data shows worst results, then the EUR/USD will continue to fall. The same applies to the UK. If the US market shows positive results, then we can expect a positive growth of the USD.

Our Recommendations

EUR/USD is being traded in a positive 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 1.2233 and 1.2271. The important level of fall is around the border of 1.2215. 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 1.5596 and 1.5664. The important level of fall is around the borders of 1.5572. 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 under sales pressure. The moving averages are in a falling direction, which gives indication of further lows. The important level of growth to watch for is around the border of 0.8133 and 0.8171. The important level of fall is around the borders of 0.8095. 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 120,15. The important level of fall is around the borders of 119.94 and 119.43. 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 negative direction. 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 1183 and 1203. The important level of fall is around the borders of 1171. 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.