Daily market review for 04.01.2016

EUR/USD trades positively and locates on the border of the 1.09 level, and has perspectives for a further growth. GBP/USD shows an active rise after its sharp decline. The pair also has perspectives for a further rise. There might be new trends, as some important economic releases will be published during the day. USD/JPY continues to trade negatively and keeps tendencies for a further fall. Gold trades positively and has perspectives for a further rise.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. In regards to all the three regions, we recommend to pay attention to the Manufacturing PMI reports. As to the Eurozone and the UK, the data is expected to remain on the previous levels and can positively influence the euro and the British pound. As to the USA, the data is expected to be better than the previous one and can positively affect the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0934. The important level that prevents the fall is located at 1.0827. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.4763 and 1.4845. The important level that prevents the fall is located at 1.4694. 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 down, which show a further decrease. The important levels that prevent the rise are located at 0.7245 and 0.7328. The important level that prevents the fall is located at 0.7204. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 119.83 and 120.47. The important level that prevents the fall is located at 119.24. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.0027. The important levels that prevent the fall are located at 0.9919 and 0.9880. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 74.80. The important level that prevents the fall is located at 72.56. 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 level that prevents the rise is located at 1069. The important levels that prevent the fall are located at 1062 and 1057. 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