Daily market review for 06.02.2015

EUR/USD trades positively and has succeeded to strengthen higher than 1.14. Many investors are intended to increase purchases and expect to reach 1.15. In order to rise further, some positive news for the USA is needed, in this case that would be possible to strengthen higher than 1.15 already today. GBP/USD, just like EUR/USD, trades positively. The pair has strengthened higher than 1.53, which is a positive signal for buyers of the asset. USD/JPY remains under selling pressure and there might be a further decrease. Gold trades positively and has perspectives to further increase in value.

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 Industrial Production report, 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 Trade Balance release, the results are expected to be worse than the previous ones and can negatively impact the British pound. As regards to the USA, we recommend to pay attention to the Unemployment rate publication, 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 1.1498. The important levels that prevent the fall are located at 1.1418 and 1.1330. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.5342. The important levels that prevent the fall are located at 1.5316 and 1.5225. 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 0.7857. The important levels that prevent the fall are located at 0.7780 and 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 down, which show a further decrease. The important level that prevents the rise is located at 117.56. The important levels that prevent the fall are located at 117.21 and 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 levels that prevent the rise are located at 1268 and 1274. The important level that prevents the fall is located at 1256. 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.