Daily market review for 20.01.2016

EUR/USD has started to actively increase in value, and currently trades near the 1.09 level with perspectives for a further growth. GBP/USD trades in a narrow range. The pair's further value today will be influenced by the important fundamental data for the UK and the USA. Therefore there might be new trends. USD/JPY trades negatively and keeps tendencies for a further decline. Gold has risen up to the 1094 mark, but currently trades negatively. Nevertheless, a new upward trend is likely to form, that's why traders can soon expect a further increase.

Market news

Important statistics for the UK and the USA are expected today. Only some secondary data for the Eurozone will be published today, and won't strongly affect the market. As to the UK, we recommend to pay attention to the Average earnings index, the data is expected to be worse than the previous one and can negatively affect the British pound. As to the USA, the Core CPI report will be released. The data is expected to remain on the same level and can positively influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0963. The important levels that prevent the fall are located at 1.0906 and 1.0860. 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 1.4227 and 1.4339. The important level that prevents the fall is located at 1.4130. 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 down, which show a further decrease. The important level that prevents the rise is located at 0.6957. The important level that prevents the fall is located at 0.6849. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 117.68 and 118.11. The important level that prevents the fall is located at 116.62. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.0037 and 1.0081. The important level that prevents the fall is located at 0.9995. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 79.49. The important levels that prevent the fall are located at 78.61 and 78.02. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1094. The important levels that prevent the fall are located at 1086 and 1082. 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