Daily market review for 15.01.2015

EUR/USD remains under selling pressure, but there are some perspectives for a further decrease in value. Generally, many investors are expecting the 22d of January, when the Quantitative Easing program topic will be discussed. After 22.01 it will be clear in which direction the pair’s value will move in the nearest two months. GBP/USD gradually stabilizes and there are some perspectives for a further rise, but some positive data for the UK is needed. USD/JPY trades positively and has some perspectives for a further rise. Gold trades in a narrow range and there are some tendencies for a further increase in value.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the Consumer Price Index report in Spain, the data is expected to remain on the same level, and in case of any negative results EUR/USD will continue to fall. No important data for the UK will be published today. As regards to the USA, we recommend to pay attention to the Producer Price Index report, the forecast is negative and can affect the American dollar.

Our recommendations

EUR/USD is under strong pressure. Moving averages stay down which show a further decrease. The important level that prevents the rise is located at 1.1844. The important levels that prevent the fall are located at 1.1758 and 1.1726. 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 1.5267. The important levels that prevent the fall are located at 1.5210 and 1.5149. 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 level that prevents the rise is located at 0.8218. The important levels that prevent the fall are located at 0.8177 and 0.8067. 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 117.90. The important levels that prevent the fall are located at 117.53 and 116.05. 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 increase. The important levels that prevent the rise are located at 1232 and 1244. The important level that prevents the fall is located at 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.