Daily market review for 15.12.2014

EUR/USD continues to trade in a narrow range. There are some perspectives for a further fall, but a negative newsflow for the Eurozone is needed. Many investors prefer to sell the asset when it attempts for grow. GBP/USD, just like EUR/USD, trades in a narrow range. It has some tendencies to decrease in value, but some negative data for the UK is also needed. USD/JPY trades positively, and the pair could perform a further rise. Gold is under selling pressure, but there are some tendencies for a further increase in value.

Market news

Important statistics for the UK and the USA are expected today. As to the UK, we recommend to pay attention to the CBI Industrial Trend Orders, the data is expected to remain on the same level, but in case of any negative results GBP/USD will continue to fall. No important news for the Eurozone will published today. As to the USA, we recommend to pay attention to the Industrial Production report, the results are expected to be better, than the previous ones, and can positively affect the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a future decrease. The important level that prevents the rise is located at 1.2483. The important levels that prevent the fall are located at 1.2432 and 1.2383. 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 up, which show a further increase. The important level that prevents the rise is located at 1.5745. The important levels that prevent the fall are located at 1.5705 and 1.5694. 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 up, which show a further increase. The important levels that prevent the rise are located at 0.8253 and 0.8297. The important level that prevents the fall is located at 0.8202. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow range. Moving averages stay horizontally, but there might be a future increase. The important levels that prevent the rise are located at 118.73 and 119.05. The important level that prevents the fall is located at 117.75. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow range. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1220 and 1227. The important level that prevents the fall is located at 1213. 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.