Daily market review for 22.01.2016

EUR/USD showed a short rise after the Interest rate decision had been announced, but then decreased to the 1.08 mark. The pair keeps tendencies for a further decline. There might occur new trends during the day, since a lot of important economic data is expected. GBP/USD trades positively and has succeeded to reach the 1.42 level with perspectives for a further rise. USD/JPY also trades positively and has tendencies for a further growth. The gold's value has fallen down to 1097. The asset has perspectives for a further decrease, but the trend might reverse again. We recommend traders to pay their attention to the asset's value, as there could be another good chance to open a profitable trade.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, the ECB's head Draghi will perform a speech, which can cause some multidirectional moves in many currency pairs. The German Manufacturing PMI report also will be released, the data is expected to be worse than the previous one and can negatively affect the euro. As to the UK, the Retail sales report will be published. The forecast is negative and can impact the British pound. As to the USA, we recommend to pay attention to the Existing Home sales report. The data is expected to be more positive and can influence the further value of the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.0877 and 1.0922. The important level that prevents the fall is located at 1.0778. 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 1.4249. The important levels that prevent the fall are located at 1.4180 and 1.4079. 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 0.7035. The important levels that prevent the fall are located at 0.6975 and 0.6875. 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 118.14. The important levels that prevent the fall are located at 117.27 and 116.47. 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 1.0147. The important levels that prevent the fall are located at 1.0053 and 1.0013. 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 levels that prevent the rise are located at 83.24 and 85.89. The important level that prevents the fall is located at 80.86. 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 down, which show a further decrease. The important level that prevents the rise is located at 1104. The important level that prevents the fall is located at 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.