Daily market review for 14.01.2015

EUR/USD continues to trade in a narrow range. The current situation in the Eurozone is unstable and a further decline of the euro is possible. Generally the situation has developed in such way, that even the Quantitative Easing program could not meet the expectations. In order to perform a further rise, some positive newsflow for the Eurozone is needed. GBP/USD, just like EUR/USD, trades in a narrow range and has some perspectives to further decrease in value. USD/JPY continues to fall and has succeeded to strengthen lower than 117.00. Gold currently corrects after its active rise, therefore a further fall is possible.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the Industrial Production report, the data is expected to be better than the previous one and can positively affect the euro. No important data for the UK will be published today. As regards to the USA, we recommend to pay attention to the Retail Sales report, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.1794 and 1.1858. 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 trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.5174. The important levels that prevent the fall are located at 1.5143 and 1.5077. 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 0.8104 and 0.8188. The important level that prevents the fall is located at 0.8068. 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 levels that prevent the rise are located at 117.93 and 118.81. The important level that prevents the fall is located at 116.71. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1234 and 1244. The important level that prevents the fall is located at 1225. 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.