Daily market review for 05.01.2015

EUR/USD opened with a huge gap and reached the lowest value for the last four years. The pressure on the European currency is growing. At the current level of trading a correction is possible which means there is a chance of the price growing for a certain time. Many investors are carefully watching the medium term trend. There are prospects for the value to reach 1.25 but these are medium term expectations and it looks like it might be reached no sooner than the next month. GBP/USD just like the EUR/USD, is under pressure and also reached its lowest for the year. USD/JPY, is being positively traded and there are prospects for further growth. Gold is slowly regaining its position and there is a good possibility for further growth.

Market News

Today, we are waiting for important news regarding Europe and the UK. Europe will release information regarding the current % of unemployment in Spain. It is expected that the statistics will show negative results compared to the last review. That can give a negative reaction towards the EUR. UK is releasing information regarding its building industry. There we are also expecting negative results and if so, that might might bring the GBP to a further fall. There are no important news regarding the USA at the moment.

Recommendations

EUR/USD is under pressure. The moving averages are currently in a horizontal postion but a growth might take place. The important level of growth to watch for is in the borders of 1.1974 and 1.2067. The important level of fall is around the border of 1.1866. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GBP/USD is under pressure. The moving averages are also horizontal but there is a possible growth. The important level of growth to watch for is around the border of 1.5320 and 1.5442. The important level of fall is around the borders of 1.5177. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

AUD/USD is under sales pressure. The moving averages are in a horizontal direction, but there is a possibility of further fall. The important level of growth to watch for is around the border of 0.8105 and 0.8191. The important level of fall is around the borders of 0.8034. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

USD/JPY is being traded positively. The moving averages are in a horizontal position but there is a possible growth. The important level of growth to watch for is around the border of 120,70. The important level of fall is around the borders of 120.27 and 119.35. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GOLD is currently being traded in a positive direction. The moving averages are in an upwards level and a further growth is expected. The important level of growth to watch for is around the border of 1197. The important level of fall is around the borders of 1191 and 1178. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

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.