Daily market review for 30.12.2014

EUR/USD is under a lot of sales pressure. Another minimum low was reached which is an indication that further fall might occur. Many investors are increasing their sales volume and expect that the sales level will get to 1.20. For the further fall watch out for positive economic news regarding the USA. GBP/USD as the EUR/USD is moving in a negative direction. If any negative economic news are reported in the UK then a further fall might be expected. USD/JPY, is being traded in a narrow corridor and there are prospects of further fall. Gold continues to be traded in the narrow corridor.

Market News

Today we are expecting important statistics regarding Europe and the USA. In Europe it is worth looking at the statistics on the user index of Spain. It is expected that there will be worst results than previously reported, which can lead to the further fall of the European currency. USA is reporting statistics regarding the user trust and confidence in the market. It is expected that better reports will be delivered which will contribute to the strength and growth of the USD.

Recommendations

EUR/USD is under pressure. The moving averages are currently in a downwards postion which means that further fall is expected. The important level of growth to watch for is in the borders of 1.2161 and 1.2219. The important level of fall is around the border of 1.2123. 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 under pressure. The moving averages are also in a horizontal position but further fall is expected. The important level of growth to watch for is around the border of 1.5527 and 1.5562. The important level of fall is around the borders of 1.5505. 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 being traded in a narrow corridor. The moving averages are in a horizontal position but further fall is expected. The important level of growth to watch for is around the border of 0.8142 and 0.8161. 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 in a narrow corridor. The moving averages are in a downwards position which means that further fall is expected. The important level of growth to watch for is around the border of 120.46 and 120.70. The important level of fall is around the borders of 120.23. 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 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 1190and 1196. The important level of fall is around the borders of 1181. 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.