Daily market review for 04.12.2014

EUR/USD is under strong pressure. It has renewed its two-year low. Statistics for today can significantly affect the euro. For a further decline, some negative data for the Eurozone is needed. Generally, everything is going as planned and the medium-term trend stays down. GBP/USD trades in a narrow range, in order to go out of that range, some strong fundamental newsflow is necessary. USD/JPY trades positively, and has again renewed its high. For a further rise, the asset should breach and strengthen higher than 120.00. Gold trades in a narrow range, some strong movements can occur today.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone and the UK, we recommend to pay attention to the Interest Rates Decisions, the results in both reports are expected to remain on the same levels. As to the USA, we recommend to pay attention to the Initial Jobless Claims, the data is expected to be better, than the previous one and can positively impact the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.2318 and 1.2389. The important level that prevents the fall is located at 1.2300. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.5718. The important levels that prevent the fall are located at 1.5670 and 1.5618. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow range. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.8404 and 0.8465. The important level that prevents the fall is located at 0.8357. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 119.94. The important levels that prevent the fall are located at 119.73 and 119.23. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1215. The important levels that prevent the fall are located at 1204 and 1194. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

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.