Daily market review for 21.01.2015

After yesterday’s positive data for the Eurozone EUR/USD has slightly increased in value, though its rise is not considerable, especially in regards to last Friday’s decline. EUR/USD remains under pressure, in order to perform a further rise some positive news for the Eurozone is necessary, just like investors’ bull sentiment. GBP/USD gradually stabilizes and has perspectives for a further rise. USD/JPY trades negatively, but has perspectives to further increase in value. Gold trades positively and has succeeded to strengthen higher than 1300.

Market news

Important statistics for the UK and the USA are expected today. No important data for the Eurozone will be published today. As to the UK, we recommend to pay attention to the Average Earnings Index + Bonus report, the data is expected to be better than the previous one and can positively affect the British pound. As regards to the USA, we recommend to pay attention to the Buildings Permits, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1587 and 1.1613. The important level that prevents the fall is located at 1.1539. 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 up, which show a further increase. The important level that prevents the rise is located at 1.5198. The important levels that prevent the fall are located at 1.5134 and 1.5067. 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 0.8222. The important levels that prevent the fall are located at 0.8204 and 0.8154. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 117.92 and 118.84. The important level that prevents the fall is located at 117.52. 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 level that prevents the rise is located at 1303. The important levels that prevent the fall are located at 1295 and 1286. 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.