Daily market review for 20.01.2015

EUR/USD remains under selling pressure. The asset currently cannot go out of that narrow range, which could be caused by the US holiday yesterday. Today is the first active trading day on this week, therefore the pair could probably leave the range. Do not expect that the American dollar will continue to strengthen during the whole 2015. GBP/USD trades near its lows, but still has perspectives for a further rise. USD/JPY trades positively and a further growth is possible. Gold continues to trade in a narrow range and has perspectives to further increase in value.

Market news

Important statistics for the Eurozone are expected today. We recommend to pay attention to the German ZEW Economic Sentiment report, the data is expected to be better than the previous one and can positively affect the euro. No statistics for the UK will be published today, as regards to the USA, some secondary data only will be released and will not influence the market.

Our recommendations

EUR/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 1.1584 and 1.1637. The important level that prevents the fall is located at 1.1567. 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 1.5082 and 1.5177. The important level that prevents the fall is located at 1.5057. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/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 0.8186 and 0.8242. The important level that prevents the fall is located at 0.8159. 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 118.49. The important levels that prevent the fall are located at 118.01 and 117.46. 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 1279. The important levels that prevent the fall are located at 1275 and 1272. 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.