Daily market review for 09.12.2014

The market does not show any strong movements. EUR/USD gradually stabilizes after its active fall. There are some perspectives for a further correction, but the medium-term trend stays down. Many investors expect to see the asset at 1.21 already in this year. GBP/USD trades in a narrow range. Generally, there are some tendencies for a further decline, but some negative news for the UK is needed. USD/JPY corrects after its active rise, but the common trend stays up. Gold trades in a narrow range, but intends to rise further.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Trade Balance, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, we recommend to pay attention to the Manufacturing Production report, the results are expected to be worse, than the previous ones and can negatively impact the British pound. As regards to the USA, we recommend to pay attention to the JOLTs Job Openings, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.2342. The important levels that prevent the fall are located at 1.2291 and 1.2246. 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 up, which show a further increase. The important level that prevents the rise is located at 1.5677. The important levels that prevent the fall are located at 1.5624 and 1.5540. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD remains under pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.8272 and 0.8315. The important level that prevents the fall is located at 0.8223. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY corrects after its active rise. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 121.00 and 121.83. The important level that prevents the fall is located at 119.87. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1203 and 1209. The important level that prevents the fall is located at 1191. 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.