Daily market review for 18.12.2014

After yesterday’s Fed meeting (Federal Reserve System), the USD has actively strengthened. It was also said, that the interest rates rise could occur already in April next year. Such statement has positively affected the American dollar. Now EUR/USD is located under pressure and trades near its year’s lows. GBP/USD, just like EUR/USD, is located under pressure and a further decline is possible. USD/JPY trades positively and has perspectives for a further rise. Gold gradually stabilizes and there are some tendencies 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 German lfo Business Climate Index, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, we recommend to pay attention to the Retail Sales report, the results are expected to be worse than the previous ones, which can cause a further decline of the British pound. As regards to the USA, we recommend to pay attention to the Philadelphia Fed Manufacturing Index, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD is under pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.2371 and 1.2474. The important level that prevents the fall is located at 1.2320. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD is under selling pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.5601 and 1.5734. The important level that prevents the fall is located at 1.5543. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD is under pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.8162 and 0.8234. The important level that prevents the fall is located at 0.8106. 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 level that prevents the rise is located at 118.97. The important levels that prevent the fall are located at 118.29 and 117.00. 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 up, which show a further increase. The important levels that prevent the rise are located at 1197 and 1203. The important level that prevents the fall is located at 1184. 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.