Daily market review for 12.11.2014

EUR/USD has begun to stabilize. The asset started to trade in the upward trend this Tuesday and many investors are expecting a deep correction. There are some tendencies for a further rise, but we do not recommend to expect a trend change, since the American dollar trades much stronger than the euro. GBP/USD, just like EUR/USD, trades positively. In order to perform a further increase in value, some positive fundamental data for the UK is needed. USD/JPY trades positively and tends to continue to rise. Gold currently stabilizes and trades positively. A further rise is possible.

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 Industrial Production report, 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 Claimant Count Change for October, the forecast is negative and can impact the British pound. As regards to the USA, we recommend to pay attention to the 10-year Note Auction.

Our recommendations

EUR/USD currently stabilizes. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.2497. The important levels that prevent the fall are located at 1.2452 and 1.2393. 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 level that prevents the rise is located at 1.5943. The important levels that prevent the fall are located at 1.5903 and 1.5834. 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 level that prevents the rise is located at 0.8717. The important levels that prevent the fall are located at 0.8664 and 0.8636. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY continues to trade positively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 115.43 and 116.11. The important level that prevents the fall is located at 115.07. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD is recovering its losses. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1173. The important levels that prevent the fall are located at 1160 and 1153. 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.