Daily market review for 06.01.2016

EUR/USD showed an active fall and currently trades near the 1.07 level. Such decline was caused by the negative data for the Eurozone. Some new trends may occur during the day. GBP/USD, just like EUR/USD, trades negatively and keeps perspectives for a further fall. USD/JPY started to trade positively and has tendencies for a further growth. Gold continues to increase in value. The asset has reached the 1080 level and still has perspectives for a further rise.

Market news

Important statistics for the UK and the USA are expected today. Only some secondary data for the Eurozone will be pubslished today. As to the UK, we recommend to pay attention to the Services PMI report, the data is expected to be worse than the previous one and can negatively affect the British pound. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment Change report, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0773 and 1.0838. The important level that prevents the fall is located at 1.0711. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1.4696 and 1.4725. The important level that prevents the fall is located at 1.4638. 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 0.7171 and 0.7212. The important level that prevents the fall is located at 0.7099. 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 levels that prevent the rise are located at 119.15 and 119.56. The important level that prevents the fall is located at 118.35. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.0124. The important levels that prevent the fall are located at 1.0058 and 1.0007. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 73.49. The important levels that prevent the fall are located at 73.13 and 72.62. 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 1081. The important level that prevents the fall is located at 1074. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.