Daily market review for 14.11.2014

Today is expected to be an active day on the market, since there will be a rich newsflow. EUR/USD remains under selling pressure. The asset has not succeeded to neither fall lower than 1.24, nor to strengthen higher than 1.25. Generally, a medium-term down trend still remains at the moment. Many investors consider to perform further selling of the asset. GBP/USD has again renewed its low, but still remains under growing pressure. Investors tend to actively sell the pair. USD/JPY has again renewed its high at 116.30. Gold remains under selling pressure, but a further decline will continue.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the GDP report in Germany, the data is expected to be better than the previous one and can positively affect the euro. Later this day, the Consumer Price Index will be published, the results are expected to remain on the same level, but in case of any positive data it can impact EUR/USD. No important statistics for the UK are expected today. As regards to the USA, we recommend to pay attention to the Core Retail Sales report, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD is under pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.2457 and 1.2490. The important level that prevents the fall is located at 1.2426. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD is under strong pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.5698 and 1.5758. The important level that prevents the fall is located at 1.5653. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.8713 and 0.8762. The important level that prevents the fall is located at 0.8675. 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 up, which show a further increase. The important level that prevents the rise is located at 116.29. The important levels that prevent the fall are located at 115.74 and 115.32. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD is under selling pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1163 and 1168. The important level that prevents the fall is located at 1155. 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.