Daily market review for 30.10.2014

Yesterday showed some strong fluctuations on the market. EUR/USD falls actively after the decision on the program of quantitative easing. The USA has completely turned the program off, which positively affected the American dollar. EUR/USD has some tendencies for a further decrease in value. GBP/USD, just like EUR/USD, falls actively with a perspective to trade at even lower level. USD/JPY trades near its highs and remains positive. Gold remains under strong selling pressure and has some tendencies for a further decline.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Unemployment Change Rate, the results are expected to be better than the previous ones and can positively affect the euro. As regards to the USA, we recommend to pay attention to the GDP report, the forecast is negative and can influence the American dollar. Later this day, Fed Chair Yellen will perform a speech, some multidirectional movements can happen during the event.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.2652 and 1.2769. The important level that prevents the fall is located at 1.2585. 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 levels that prevent the rise are located at 1.6017 and 1.6160. The important level that prevents the fall is located at 1.5963. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.8808 and 0.8910. The important level that prevents the fall is located at 0.8753. 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 109.16. The important levels that prevent the fall are located at 108.75 and 108.02. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD is under selling pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1215 and 1225. The important level that prevents the fall is located at 1205. 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.