Daily market review for 03.02.2015

EUR/USD has strengthened higher than 1.13, which is a positive signal for buyers of the asset. Generally, the pair keeps the negative sentiment, but there might be a short-term rise, as the asset is quite oversold in different time frames. If the pair succeeds to strengthen higher, it could further increase in value. GBP/USD trades negatively and has perspectives for a further fall. In case of negative news, it contributes the asset to decline further. USD/JPY trades negatively and there might be a further decrease. Gold trades positively and could rise further.

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 Spanish Unemployment Change, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, we recommend to pay attention to the Construction PMI report, the results are expected to be worse than the previous ones and can negatively affect the British pound. As regards to the USA, we recommend to pay attention to the Factory Orders, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1360. The important levels that prevent the fall are located at 1.1321 and 1.1291. 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 levels that prevent the rise are located at 1.5048 and 1.5086. The important level that prevents the fall is located at 1.5004. 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 levels that prevent the rise are located at 0.7673 and 0.7831. The important level that prevents the fall is located at 0.7649. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 117.40 and 117.84. The important level that prevents the fall is located at 116.85. 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 levels that prevent the rise are located at 1282 and 1284. The important level that prevents the fall is located at 1272. 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.