Daily market review for 19.01.2016

EUR/USD still trades negatively and keeps tendencies for a further decline. The pair has fallen down to the 1.08 mark. GBP/USD trades positively and has perspectives for a further growth, but still locates near the 1.42 level. There will be some fundamental economic news during the day, therefore traders can expect strong price fluctuations in the euro and the British pound rates. USD/JPY trades positively and keeps perspectives for a further rise. Gold has decreased in value down to the 1088 mark, but the asset can easily change its direction during the day. We recommend traders not to miss the chance to make good profit on the asset's further move.

Market news

Important statistics for the Eurozone and the UK are expected today. There will be only some secondary data for the USA, which will not strongly affect the market. As to the Eurozone and the UK, we recommend to pay attention to the Consumer price index reports. In both cases the data is expected to remain on the same level and can positively influence the euro and the British pound. It's also worth noting the German ZEW economic sentiment report. The forecast is negative and can impact the euro's value.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.0909. The important level that prevents the fall is located at 1.0869. 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 levels that prevent the rise are located at 1.4296 and 1.4324. The important level that prevents the fall is located at 1.4327. 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 0.6927. The important levels that prevent the fall are located at 0.6870 and 0.6838. 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 increase. The important level that prevents the rise is located at 117.83. The important levels that prevent the fall are located at 117.23 and 117.01. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0079. The important level that prevents the fall is located at 1.0039. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 79.52. The important levels that prevent the fall are located at 78.80 and 78.31. 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 1090 and 1092. The important level that prevents the fall is located at 1085. 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.