Daily market review for 28.01.2015

EUR/USD has started to stabilize. The asset has perspectives for a further rise. Generally, the current decrease of the euro negatively influences the US economy. This situation prevents an increase of the interest rates in the USA. Therefore it will possibly be postponed indefinitely. GBP/USD trades positively and has perspectives for a further rise. USD/JPY trades in a narrow range and has perspectives for a further rise. Gold currently stabilizes and has perspectives to further increase in value.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Consumer Climate, the data is expected to be better than the previous one and can positively affect the euro. No important news for the UK will be published today. As regards to the USA, we recommend to pay attention to the FOMC statement, some multidirectional movements can occur during the event.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. Important levels that prevent the rise are located at 1.1380 and 1.1421. The important level that prevents the fall is located at 1.1260. 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 up, which show a further increase. The important level that prevents the rise is located at 1.5222. The important levels that prevent the fall are located at 1.5152 and 1.5059. 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 0.8024. The important levels that prevent the fall are located at 0.7971 and 0.7900. 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 levels that prevent the rise are located at 118.22 and 118.63. The important level that prevents the fall is located at 117.31. 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 1292 and 1297. The important level that prevents the fall is located at 1277. 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.