Daily market review for 17.12.2014

Today investors will pay a lot of attention to the Fed Meeting (Federal Reserve System). During the event some strong movements are considered to happen. EUR/USD trades positively, but if the US fundamental data is negative, EUR/USD can continue to rise. GBP/USD, just like EUR/USD, trades positively. USD/JPY has started to stabilize. It has some tendencies for a further rise, but it requires additional stimulus from the Bank of Japan. Gold trades in a narrow range and has some perspectives for a further increase in value.

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 Consumer Price Index, the data is expected to remain on the same level, but in case of any positive results EUR/USD will continue to rise. As to the UK, we recommend to pay attention to the Claimant Count Change, the data is expected to be better than the previous one and can positively influence the British pound. As regards to the USA, we recommend to pay attention to the Core Consumer Price Index, the forecast is negative and can affect the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.2516 and 1.2568. The important level that prevents the fall is located at 1.2477. 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 1.5752 and 1.5785. The important level that prevents the fall is located at 1.5714. 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 0.8234 and 0.8273. The important level that prevents the fall is located at 0.8144. 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 further increase. The important levels that prevent the rise are located at 117.08 and 117.98. The important level that prevents the fall is located at 116.21. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1200 and 1223. The important level that prevents the fall is located at 1187. 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.