Daily market review for 12.01.2016

EUR/USD has slightly decreased in value and locates near the 1.08 level. But the pair currently trades positively and keeps perspectives for a further growth. GBP/USD trades negatively and has tendencies for a further decline. The British pound might show a clear trend during the day, since some fundamental UK data will be released. The values of other currency pairs still depend on traders' activity. USD/JPY trades negatively and has tendenices for a further fall. Gold has started to trade negatively and fell down to the 1094 level. The asset has perspectives for a further decrease.

Market news

Only some secondary data for the Eurozone and the USA will be published today, and will not strongly affect the market. As to the UK, we recommend to pay attention to the Manufacturing Production report, the data is expected to be better than the previous one and can positively affect the British pound. Also the BoE's governor Carney will perform a speech, which might cause some multidirectional price movements.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.0899 and 1.0934. The important level that prevents the fall is located at 1.0842. 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 1.4561 and 1.4605. The important level that prevents the fall is located at 1.4516. 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 0.7004 and 0.7035. The important level that prevents the fall is located at 0.6959. 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 level that prevents the rise is located at 118.03. The important level that prevents the fall is located at 117.10. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.0024. The important levels that prevent the fall are located at 0.9962 and 0.9930. 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 up, which show a further increase. The important level that prevents the rise is located at 76.69. The important levels that prevent the fall are located at 75.96 and 75.00. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1099 and 1107. The important level that prevents the fall is located at 1092. 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.