Daily market review for 13.01.2015

EUR/USD attempts to correct upwards. In order to perform a further rise some positive data for the Eurozone is needed, this is the only case when the euro can continue to grow. The situation is quite similar to the situation with the British pound in July last year. It was discussed about the interest rate rise in the UK, and as a result GBP/USD decreased on 2000 points. GBP/USD trades in a narrow range and has perspectives to correct upwards. USD/JPY trades positively, but there are some tendencies for a further rise. Gold trades positively and has some perspectives to further increase in value.

Market news

Important statistics for the UK and the USA are expected today. As to the Eurozone, some secondary statistics only will be published today and will not affect the market significantly. As to the UK, we recommend to pay attention to the Consumer Price Index, the data is expected to be better than the previous one and can positively impact the British pound. As regards to the USA, we recommend to pay attention to the JOLTs Job Openings, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD 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 1.1834 and 1.1858. The important level that prevents the fall is located at 1.1818. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD 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 1.5190. The important levels that prevent the fall are located at 1.5150 and 1.5098. 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 0.8196. The important levels that prevent the fall are located at 0.8149 and 0.8127. 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 up, which show a further increase. The important levels that prevent the rise are located at 118.81 and 119.28. The important level that prevents the fall is located at 117.71. 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 1240. The important levels that prevent the fall are located at 1233 and 1218. 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.