Daily market review for 27.01.2016

EUR/USD trades negatively and still locates near the 1.08 mark with tendencies for a further decline. GBP/USD has succeeded to reach the 1.43 level, but the pair currently trades in a narrow range. Some strong fluctuations in the American dollar’s value are expected during the day, since a lot of important US data will be released. There might be new long-term trends. USD/JPY trades positively and keeps perspectives for a further growth. Gold has showed a record rise by reaching the 1122 mark. The asset still has tendencies for a further increase. We recommend traders to preferably invest in Gold's further directions.

Market news

As to the Eurozone and the UK, only some secondary statistics will be published today and will not strongly affect the market. As to the USA, the Interest rate decision will be announced, which will define the USD's further direction. We also recommend to pay attention to the Crude oil inventories report. The data is expected to be worse than the previous one and can negatively influence the American dollar.

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 1.0874. The important levels that prevent the fall are located at 1.0851 and 1.0819. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD Фунт/доллар trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.4368. The important levels that prevent the fall are located at 1.4310 and 1.4173. 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 0.7050. The important levels that prevent the fall are located at 0.6992 and 0.6918. 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 118.62. The important levels that prevent the fall are located at 118.05 and 117.66. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.0199. The important levels that prevent the fall are located at 1.0160 and 1.0117. 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 80.10 and 82.24. The important level that prevents the fall is located at 77.69. 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 1122. The important levels that prevent the fall are located at 1117 and 1109. 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