Daily market review for 07.01.2015

EUR/USD remains under strong selling pressure, and has succeeded to strengthen lower than 1.19, which is a positive signal for buyers of the asset. Many investors increase purchases up to 1.20. A strong correction movement upwards is expected to begin already on this week. Most buyers focus on 1.25. GBP/USD, just like EUR/USD, remains under strong pressure. There’s a possibility that the asset will correct upwards. USD/JPY trades positively and has some perspectives for a further rise. Gold trades positively and is likely to further increase in value.

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 report, the data is expected to be worse than the previous one and can negatively affect the euro. Later this day, the Consumer Price Index report will be published, the forecast is also negative and can impact the euro. As regards to the USA, we recommend to pay attention to the ADP Nonfarm Employment Change report, the results are expected to be better than the previous ones and can influence the American dollar. Later this day, the FOMC Meeting Minutes will be held, some strong movements can occur during the publication.

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 1.1879 and 1.1957. The important level that prevents the fall is located at 1.1850. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD is under pressure. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.5147 and 1.5272. The important level that prevents the fall is located at 1.5113. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD is under strong selling pressure. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.8080 and 0.8156. The important level that prevents the fall is located at 0.8054. 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 119.36. The important levels that prevent the fall are located at 118.76 and 118.02. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1223. The important levels that prevent the fall are located at 1212 and 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.