Daily market review for 27.01.2015

EUR/USD gradually stabilizes, but still remains under pressure. The asset has perspectives for a further fall. The first target is 1.10, a breach of this level can open perspectives to decrease down to 1.07. Many investors are increasing sales from each rollback up. GBP/USD, just like EUR/USD, gradually stabilizes. The pair has perspectives to further increase in value, but some positive news for the UK is needed. USD/JPY trades positively and has tendencies for a further rise. Gold corrects after its active rise, and has perspectives for a further increase in value.

Market news

Important statistics for the UK and the USA are expected today. No important news for the Eurozone will be published today. As to the UK, we recommend to pay attention to the GDP 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 Core Durable Goods Orders, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.1256 and 1.1294. The important level that prevents the fall is located at 1.1149. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.5110. The important levels that prevent the fall are located at 1.5071 and 1.4998. 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 0.7946. The important levels that prevent the fall are located at 0.7905 and 0.7871. 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 down which show a further decrease. The important level that prevents the rise is located at 118.62. The important levels that prevent the fall are located at 117.99 and 117.46. 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 up which show a further increase. The important level that prevents the rise is located at 1287. The important levels that prevent the fall are located at 1277 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.