Daily market review for 30.01.2015

EUR/USD attempts to increase in value. The pair has perspectives for a further rise, but some positive news for the Eurozone and negative data for the USA are needed. Many investors consider purchases up to 1.15. GBP/USD, just like EUR/USD, trades positively. It has perspectives for a further rise, but some positive data for the UK is necessary. USD/JPY corrects after its active rise, but perspectives for a further growth still remain. Gold is under selling pressure and has perspectives to further decrease 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 Unemployment rate, the data is expected to remain on the same level, but in case of any positive results EUR/USD can continue to rise. As to the UK, only secondary data will be published today, which will not influence the market significantly. As regards to the USA, we recommend to pay attention to the GDP report, the forecast is negative and can affect the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1343 and 1.1366. The important level that prevents the fall is located at 1.1277. 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 1.5160. The important levels that prevent the fall are located at 1.5065 and 1.5018. 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 level that prevents the rise is located at 0.7796. The important levels that prevent the fall are located at 0.7760 and 0.7719. 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 118.08 and 118.45. The important level that prevents the fall is located at 117.55. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1262 and 1274. The important level that prevents the fall is located at 1252. 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.