Daily market review for 11.12.2014

EUR/USD trades positively and there are some perspectives for a further increase in value. In order to rise further the asset needs a positive newsflow for the Eurozone. The pair can continue to correct up to 1.27, where a new phase of decline can start from. Investors intend to sell the pair from the current levels. GBP/USD continues to trade positively and shows some perspectives for a further rise. USD/JPY is under strong pressure, but the upward trend still retains. Gold corrects after its active rise, but there might be a further fall.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the Consumer Price Index reports, the data is expected to be better than the previous one and can positively affect the euro. No important news for the UK will be published today. As to the USA, we recommend to pay attention to the Core Retail Sales, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.2493. The important levels that prevent the fall are located at 1.2430 and 1.2364. 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 down, which show a further decrease. The important level that prevents the rise is located at 1.5755. The important levels that prevent the fall are located at 1.5681 and 1.5646. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 0.8375. The important levels that prevent the fall are located at 0.8319 and 0.8283. 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 up, which show a further increase. The important levels that prevent the rise are located at 118.32 and 119.43. The important level that prevents the fall is located at 117.42. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD is under pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1233 and 1238. The important level that prevents the fall is located at 1222. 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.