Daily market review for 14.01.2016

EUR/USD trades negatively after its short growth. The pair has almost reached the 1.09 level, but gradually decreased to 1.08 with perspectives for a further fall. GBP/USD trades in a narrow range, but keeps tendencies for a further rise. A sharp move is expected during the day, since the Interest rate decision for the UK will be released. USD/JPY trades positively and has perspectives for a further increase in value. Gold continues to trade negatively after its short rise and now locates near the 1092 level. Traders should pay a special attention to the asset's further move.

Market news

Only some secondary statistics for the Eurozone and the USA will be published today, and will not strongly affect the market. As to the UK, the Interest rate decision will be announced. The data is expected to remain on the same level and can positively influence the British pound. Traders should also pay attention to the BoE MPC Meeting Minutes.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.0897. The important levels that prevent the fall are located at 1.0844 and 1.0805. 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 levels that prevent the rise are located at 1.4427 and 1.4475. The important level that prevents the fall is located at 1.4380. 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 up, which show a further increase. The important levels that prevent the rise are located at 0.7002 and 0.7042. The important level that prevents the fall is located at 0.6919. 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 117.90 and 118.37. The important level that prevents the fall is located at 117.27. 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 up, which show a further increase. The important level that prevents the rise is located at 1.0106. The important level that prevents the fall is located at 1.0037. 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 77.12. The important levels that prevent the fall are located at 76.17 and 75.68. 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 level that prevents the rise is located at 1095. The important levels that prevent the fall are located at 1086 and 1079. 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.