Daily market review for 10.12.2014

EUR/USD corrects after its active fall. Generally, there are some perspectives for a further rise, and the trend is not expected to change. Many investors are not intended to buy the asset, and with each pair’s attempt to rise, sales are increasing. GBP/USD, just like EUR/USD, gradually stabilizes. For a further increase in value a positive newsflow for the UK is needed. USD/JPY continues to fall, but the medium-term trend stays up. Investors consider, that a further rise will occur, therefore purchases are growing. Gold trades positively, and there are some tendencies for a further increase in value.

Market news

Important statistics for the UK and the USA are expected today. No important statistics for the Eurozone will be published today, and secondary data will not affect the market significantly. As to the UK, we recommend to pay attention to the Trade Balance, the data is expected to be better than the previous one, and can impact the British pound to rise further. As to the USA, we recommend to pay attention to the Federal Budget Balance, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.2396 and 1.2445. The important level that prevents the fall is located at 1.2360. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.5690 and 1.5715. The important level that prevents the fall is located at 1.5649. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.8336 and 0.8370. The important level that prevents the fall is located at 0.8263. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 119.91 and 120.99. The important level that prevents the fall is located at 117.93. 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 level that prevents the rise is located at 1238. The important levels that prevent the fall are located at 1226 and 1203. 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.