Daily market review for 21.01.2016

EUR/USD continues to increase in value after its short fall. The pair is still located near the 1.09 mark and keeps tendencies for a further growth. Today traders will expect the Interest rate decision, which will define the further direction of the euro. GBP/USD, just like EUR/USD, trades positively and has perspectives for a further rise. USD/JPY continues to trade negatively and keeps tendencies for a further decline. Gold has again showed an active rise and has reached the 1109 level. Currently the asset has slightly decreased in value and locates near the 1102 mark with tendencies for a further growth.

Market news

Important statistics for the Eurozone and the USA are expected today. Only some secondary data for the UK will be published today, and won't strongly affect the market. As to the Eurozone, the Interest rate decision will be announced. The data is expected to remain on the previous level and can positively affect the euro. As to the USA, we recommend to pay attention to the Philadelphia Fed manufacturing index. The data is expected to be worse than the previous one and can negatively influence 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 1.0937 and 1.0976. The important level that prevents the fall is located at 1.0867. 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 1.4219. The important levels that prevent the fall are located at 1.4168 and 1.4126. 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 levels that prevent the fall are located at 0.6886 and 0.6827. 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 level that prevents the rise is located at 117.48. The important level that prevents the fall is located at 115.97. 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 level that prevents the rise is located at 1.0063. The important levels that prevent the fall are located at 1.0028 and 0.9991. 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 82.40. The important levels that prevent the fall are located at 81.14 and 79.66. 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 up, which show a further increase. The important level that prevents the rise is located at 1109. The important levels that prevent the fall are located at 1097 and 1092. 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