Daily market review for 09.01.2015

EUR/USD remains under strong selling pressure and currently is not falling further. Negative dynamics still remain and a further decrease in value is possible, but some positive data for the USA is needed. Important statistics for the USA are expected today, and in case of positive results EUR/USD will renew its lows. GBP/USD, just like EUR/USD, is under strong selling pressure. In order to perform a further fall, some negative data for the UK is needed. USD/JPY is under selling pressure, but a further rise is possible. Gold trades in a narrow range, but there are some perspectives for a further increase in value.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Trade Balance, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, we recommend to pay attention to the Manufacturing Production report, the results are expected to be better than the previous ones and can positively impact the British pound. As regards to the USA, we recommend to pay attention to the Nonfarm Payrolls, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1818 and 1.1846. The important level that prevents the fall is located at 1.1753. 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 up, which show a further increase. The important levels that prevent the rise are located at 1.5103 and 1.5116. The important level that prevents the fall is located at 1.5033. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.8146. The important levels that prevent the fall are located at 0.8102 and 0.8070. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 119.56 and 119.93. The important level that prevents the fall is located at 119.13. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1216. The important levels that prevent the fall are located at 1211 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.