Daily market review for 08.12.2014

Friday’s statistics for the USA have significantly affected the market and caused strong movements of the American dollar. The positive data for the USA helped the USD to strengthen confidently. EUR/USD has again renewed its low and currently is under strong pressure. There are new perspectives for a further decline. GBP/USD has renewed its year’s low and trades under strong selling pressure. The pressure on the British currency increases and a further decline is possible. USD/JPY continues to trade positively. Gold trades in a narrow range, but there might be a further rise.

Market news

Important statistics for the Eurozone are expected today. As to the Eurozone, we recommend to pay attention to the German Industrial Production, the data is expected to be worse, than the previous one and can negatively impact the euro. No important data for the UK will be released today. As regards to the USA, only secondary news will be published today and will not influence the market.

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 1.2302 and 1.2377. The important level that prevents the fall is located at 1.2270. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD is under pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.5588 and 1.5693. The important level that prevents the fall is located at 1.5555. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD is under strong pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.8322 and 0.8377. The important level that prevents the fall is located at 0.8274. 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 121.82. The important levels that prevent the fall are located at 121.31 and 120.09. 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 up, which show a further increase. The important levels that prevent the rise are located at 1195 and 1207. The important level that prevents the fall is located at 1186. 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.