Daily market review for 25.11.2014

EUR/USD remains under strong selling pressure. The ECB’s pressure is growing and some future actions can lead to a renewal of one-year lows. Most investors expect a further decline, and after each asset’s attempt to rise, sales are increasing. GBP/USD, just like EUR/USD, is under strong selling pressure and there are some tendencies for a further fall. The Bank of England is not undertaking any measures for strengthening the British pound. USD/JPY continues to trade positively. A further rise is possible. Gold continues to trade positively and can perform a further growth.

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 GDP report in Germany, the data is expected to remain on the same level, but in case of any negative results, the euro will continue to fall. As to the UK, The Bank of England Governor Mark Carney will perform a speech, some strong multidirectional movements can occur during the event. As regards to the USA, we recommend to pay attention to the GDP report, the forecast is negative and can affect the American dollar.

Our recommendations

EUR/USD is under strong selling pressure. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.2443. The important levels that prevent the fall are located at 1.2422 and 1.2372. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.5713. The important levels that prevent the fall are located at 1.5671 and 1.5627. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD is again under pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.8651 and 0.8700. The important level that prevents the fall is located at 0.8600. 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 118.46. The important levels that prevent the fall are located at 117.79 and 117.38. 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 decrease. The important levels that prevent the rise are located at 1200 and 1208. The important level that prevents the fall is located at 1193. 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.