Daily market review for 02.02.2015

EUR/USD is under selling pressure. It has perspectives for a further fall. Many investors consider, that the rise of the American dollar has just begun, therefore EUR/USD can continue to fall. Generally, some perspectives for a further decrease in value still remain, and the pair could possibly trade near 1.10. GBP/USD shows an active rise. The asset has perspectives for a further growth, but some positive news for the UK is needed. USD/JPY trades positively, and there might be a further increase. Gold trades positively and has perspectives for a further rise.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Manufacturing PMI, the data is expected to remain on the same level, but in case of any negative results EUR/USD will continue to fall. As to the UK, we recommend to pay attention to the Manufacturing PMI report, the data is expected to be better than the previous one and can positively affect the British pound. As regards to the USA, we recommend to pay attention to the ISM Manufacturing PMI, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally but there might be a further decrease. The important levels that prevent the rise are located at 1.1324 and 1.1362. The important level that prevents the fall is located at 1.1277. 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 level that prevents the rise is located at 1.5098. The important levels that prevent the fall are located at 1.5039 and 1.4988. 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 horizontally but there might be a further increase. The important level that prevents the rise is located at 0.7796. The important levels that prevent the fall are located at 0.7764 and 0.7729. 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 horizontally but there might be a further increase. The important level that prevents the rise is located at 118.42. The important levels that prevent the fall are located at 117.55 and 116.91. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD 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 1284. The important levels that prevent the fall are located at 1278 and 1258. 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.