Daily market review for 26.01.2015

EUR/USD remains under selling pressure. The election results in Greece have caused an additional pressure on the euro. During the Asian trading hours EUR/USD decreased down to 1.10. Generally, the pressure still continues and the pair has perspectives for a further fall. GBP/USD, just like EUR/USD, trades negatively, but has succeeded to strengthen higher than 1.50, which is a positive signal for buyers of the asset. USD/JPY trades in a narrow range, but has perspectives for a further rise. Gold trades in a narrow range but has perspectives to further increase in value.

Market news

Important statistics for the Eurozone and the UK are expected today. As to the Eurozone, we recommend to pay attention to the German lfo Business Climate Index, the data is expected to be better than the previous one and can positively affect the euro. As regards to the UK, we recommend to pay attention to the BBA Mortgage Approvals, the data is expected to be worse than the previous one and can negatively affect the British pound. No important news for the USA will be published today.

Our recommendations

EUR/USD trades negatively. Moving averages stay up, which show a further rise. The important levels that prevent the rise are located at 1.1247 and 1.1355. The important level that prevents the fall is located at 1.1097. 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 rise. The important level that prevents the rise is located at 1.5034. The important levels that prevent the fall are located at 1.4984 and 1.4950. 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 0.7905 and 0.8008. The important level that prevents the fall is located at 0.7858. 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 rise. The important levels that prevent the rise are located at 117.98 and 118.67. The important level that prevents the fall is located at 117.22. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1299 and 1306. The important level that prevents the fall is located at 1284. 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.