Daily market review for 29.01.2015

EUR/USD remains under selling pressure and has perspectives for a further decrease. The FOMC meeting didn’t bring any exact timing in regards to the interest rates increase in the USA. It was earlier planned, that the interest rates would increase in this year, but the current market situation doesn’t let to realize the plan. GBP/USD trades in a narrow range, in order to perform a further rise some positive news for the UK is needed. USD/JPY trades in a narrow range, but perspectives for a further increase in value still remain. Gold is under selling pressure.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Unemployment Change, the data is expected to be worse than the previous one and can negatively affect the euro. As to the UK, we recommend to pay attention to the Nationwide HPI, the results are also expected to be worse than the previous ones and can negatively influence the British pound. As regards to the USA, we recommend to pay attention to the Pending Home Sales report, the forecast is negative and can impact the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.1294 and 1.1367. 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 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 1.5152 and 1.5218. The important level that prevents the fall is located at 1.5129. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.7905 and 0.7995. The important level that prevents the fall is located at 0.7853. 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 level that prevents the rise is located at 118.06. The important levels that prevent the fall are located at 117.55 and 117.24. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1285 and 1293. The important level that prevents the fall is located at 1278. 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.