Daily market review for 15.01.2016

EUR/USD trades positively and still locates near the 1.08 level with perspectives for a further rise. GBP/USD trades negatively after its sharp fluctuations, caused by the Interest rate decision for the UK. The pair's value decreased down to 1.44 and keeps tendencies for a further decline. USD/JPY has started to trade positively after its active fall and has perspectives for a further growth. Gold has actively decreased in value and reached the 1071 level. The asset currently trades positively near the 1082 level with perspectives for a further rise. Some sharp fluctuations in the asset's price are also expected today, since some important US economic news will be released.

Market news

Only some secondary data for the Eurozone and the UK are expected today, and will not strongly affect the market. As to the USA, we recommend to pay attention to the following economic releases – the Core retail sales report, the Producer price index report and the Retail sales report. The forecast for all the three news relelases is negative and can influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0918 and 1.0943. The important level that prevents the fall is located at 1.0835. 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 1.4427 and 1.4446. The important level that prevents the fall is located at 1.4361. 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 level that prevents the rise is located at 0.7001. The important level that prevents the fall is located at 0.6909. 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 level that prevents the rise is located at 118.28. The important level that prevents the fall is located at 117.44. 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 increase. The important level that prevents the rise is located at 1.0092. The important level that prevents the fall is located at 1.0010. 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 levels that prevent the rise are located at 76.73 and 77.01. The important level that prevents the fall is located at 75.97. 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 up, which show a further increase. The important levels that prevent the rise are located at 1088 and 1094. The important level that prevents the fall is located at 1071. 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.