Daily market review for 05.02.2015

EUR/USD corrects after its active rise. The asset has perspectives for a more deep correction down to 1.12, and a low renewal at 1.10. In order to fall further some positive news for the USA is needed. GBP/USD trades in a narrow range and has perspectives for a further rise, but some positive newsflow for the UK is necessary. USD/JPY is under selling pressure. The common sentiment still remains positive, therefore there might be a further increase. Gold trades positively and has perspectives to 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 German Factory Orders, 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 the Interest Rate Decision, the results are expected to remain on the same level. As to the USA, we recommend to pay attention to the Initial Jobless Claims, 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 1.1361 and 1.1483. The important level that prevents the fall is located at 1.1303. 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 levels that prevent the rise are located at 1.5212 and 1.5249. The important level that prevents the fall is located at 1.5164. 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 levels that prevent the rise are located at 0.7797 and 0.7847. The important level that prevents the fall is located at 0.7733. 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 117.43 and 117.66. The important level that prevents the fall is located at 117.01. 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 1274. The important levels that prevent the fall are located at 1263 and 1259. 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.