Daily market review for 16.01.2015

The market showed some strong fluctuations yesterday. In the middle of it was the Swiss franc. EUR/CHF strongly decreased after the central bank of Switzerland had decided to abolish the minimum acceptable value of EUR/CHF at 1.20. EUR/USD has renewed its 11-year low. Many investors are intended to actively sell the euro further. GBP/USD trades in a narrow range and has some perspectives for a further rise, but some positive data for the UK is needed. USD/JPY is under selling pressure, but there are some tendencies for a further growth. Gold trades positively and has perspectives 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, the data is expected to remain on the previous level, but in case of any negative results EUR/USD will continue to fall. No important news for the UK will be published today. As to the USA, we recommend to pay attention to the Core CPI report, the data is also expected to remain on the same level, and in case of any positive data the American dollar will grow.

Our recommendations

EUR/USD is under strong pressure. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1645. The important levels that prevent the fall are located at 1.1620 and 1.1566. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1.5193 and 1.5266. The important level that prevents the fall is located at 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.8255. The important levels that prevent the fall are located at 0.8206 and 0.8150. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 116.80. The important levels that prevent the fall are located at 116.22 and 115.83. 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 1267. The important levels that prevent the fall are located at 1256 and 1248. 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.