Daily market review for 22.01.2015

EUR/USD remains in its narrow range. The ECB press conference will be held today. A decision on the matter of a quantitative easing program will be made. If the program is launched in a volume less than expected, EUR/USD can start to actively correct upwards. GBP/USD, just like EUR/USD, trades in a narrow range, though further perspectives to rise still remain. USD/JPY trades confidently after its active fall. The asset still has perspectives to further increase in value. Gold corrects after its active rise and continues to trade positively.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the ECB press conference, some multidirectional movements can occur during the event. No important news for the UK will be published today. As regards to the USA, we recommend to pay attention to the Initial Jobless Claims, the data is expected to be better than the previous one and can positively affect the American dollar.

Our recommendations

EUR/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 1.1608 and 1.1628. The important level that prevents the fall is located at 1.1581. 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 1.5157 and 1.5177. The important level that prevents the fall is located at 1.5082. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD is under pressure. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.8109 and 0.8232. The important level that prevents the fall is located at 0.8055. 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 118.30. The important levels that prevent the fall are located at 117.71 and 117.14. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD is under selling pressure. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1295 and 1305. The important level that prevents the fall is located at 1283. 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.