Daily market review for 12.01.2015

EUR/USD is gradually regaining its position. For further growth, positive economic news are being awaited in Europe. Generally, many investors are expecting a correction around the border of 1.25. That can be reached only in result of positive economic news regarding Europe and a negative one for the USA. GBP/USD, just like the EUR/USD, is gradually regaining its position. For further growth, positive economic news should be published regarding the UK. USD/JPY, is being negatively traded but a growth can be expected. Gold is traded positively and there are prospects for further growth.

Market News

There are no important statistics to be released today. In Europe, we are expecting only a secondary statistic, which will not have a big influence on the market. Regarding the USA, again a secondary statistic is expected which will also not have much of an influence on the market.

Recommendations

EUR/USD is being traded in a positive direction. The moving averages are currently in a horizontal position but a further growth might take place. The important level of growth to watch for is in the borders of 1.1869. The important level of fall is around the border of 1.1844 and 1,1761. 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 being traded positively. 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 1.5193. The important level of fall is around the borders of 1.5154 and 1,5096. 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 being traded positively. The moving averages are in a rising direction, which gives indication of further growth. The important level of growth to watch for is around the border of 0.8253. The important level of fall is around the borders of 0.8212 and 0,8122. 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 negatively. 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 118.47 and 119.73. The important level of fall is around the borders of 118.07. 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 a rising position and future growth is possible. The important level of growth to watch for is around the border of 1231. The important level of fall is around the borders of 1234 and 1207. 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.