Daily market review for 25.01.2016

EUR/USD continues to increase in value, but still locates near the 1.08 level. The pair keeps perspectives for a further rise. During the day EUR/USD might change its direction, since there will be some important data for the Eurozone. GBP/USD trades negatively and has tendencies for a further decline. USD/JPY trades positively and keeps perspectives for a further growth. With the pair's further move along the upward trend, its value can easily reach the 119 mark. Gold trades negatively after its prolonged rise. The asset is located near the 1100 level. It has perspectives for a further fall, but Gold can also start to increase in value. According to the price chart, traders should open short-term trades.

Market news

Important statistics for the Eurozone are expected today. We recommend to pay attention to the German Ifo Business Climate index, the data is expected to be worse than the previous one and can negatively influence the euro. As to the UK and the USA, there will be only some secondary data, which won't strongly affect the further values of the British pound and 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 1.0838 and 1.0863. The important level that prevents the fall is located at 1.0789. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.4363. The important levels that prevent the fall are located at 1.4253 and 1.4216. 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 decrease. The important level that prevents the rise is located at 0.7045. The important level that prevents the fall is located at 0.6980. 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 118.87. The important levels that prevent the fall are located at 118.43 and 117.87. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.0168. The important levels that prevent the fall are located at 1.0118 and 1.0075. 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 79.73 and 82.89. The important level that prevents the fall is located at 76.32. 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 1102. The important levels that prevent the fall are located at 1097 and 1093. 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.