Daily market review for 17.11.2014

Last Friday after the data for the USA had been published, EUR/USD showed an active rise. It finally succeeded to strengthen higher than 1.25, which could possibly be a beginning of the correction. Many investors consider to perform short-term buys with the target at 1.27, which the asset is likely to reach in the nearest time. GBP/USD, just like EUR/USD, trades positively and there are some perspectives for a further increase in value. USD/JPY currently consolidates after its active rise and renewing of its six-year high. Gold trades positively, but has not succeeded to strengthen higher than 1200 yet.

Market news

Important statistics for the USA are expected today. As to the Eurozone, we recommend to pay attention to the ECB President Draghi speech, some strong multidirectional movements can occur during the performance. No important statistics for the UK are expected today. As regards to the USA, we recommend to pay attention to the Producer Price Index, the results are expected to be worse than the previous ones and can negatively affect the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.2576. The important levels that prevent the fall are located at 1.2513 and 1.2398. 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 level that prevents the rise is located at 1.5734. The important levels that prevent the fall are located at 1.5663 and 1.5592. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.8794. The important levels that prevent the fall are located at 0.8742 and 0.8648. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY consolidates after its active rise. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 115.91 and 117.03. The important level that prevents the fall is located at 115.45. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1194. The important levels that prevent the fall are located at 1182 and 1147. 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.