Daily market review for 12.12.2014

EUR/USD trades in a narrow range. The American dollar continues to strengthen. Yesterday’s strengthening of the asset was caused by the positive macroeconomical data for the USA. Generally, the USD has all chances to grow further. In 2015 a rise of the interest rates is expected, which can positively influence the currency. GBP/USD continues to trade positively, in order to rise further, the asset needs a positive newsflow for the UK. USD/JPY has started to stabilize, and there are some tendencies for a further increase in value. Gold continues to correct and has some perspectives for 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 in Spain, the data is expected to be worse than the previous one and can negatively affect the euro. No important statistics for the UK will be published today. As regards to the USA, we recommend to pay attention to the Producer Price Index, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD 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 1.2411 and 1.2485. The important level that prevents the fall is located at 1.2369. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.5735 and 1.5756. The important level that prevents the fall is located at 1.5651. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD 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 0.8281 and 0.8375. The important level that prevents the fall is located at 0.8214. 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 levels that prevent the rise are located at 118.96 and 119.51. The important level that prevents the fall is located at 118.48. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD corrects after its active rise. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1226 and 1233. The important level that prevents the fall is located at 1216. 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.