Daily market review for 09.02.2015

After Friday’s statistics for the USA, EUR/USD has confidently fallen. The pair remains under pressure, and many investors consider to further sell the asset down to 1.12, and possibly aiming the 1.10. Any positive news for the USA will contribute the asset to further decrease in value. GBP/USD, just like EUR/USD, is located under selling pressure. It has perspectives to decrease down to 1.50. USD/JPY trades positively, and has perspectives for a further rise. Gold trades negatively and the selling pressure is growing.

Market news

Important statistics for the Eurozone are expected today. We recommend to pay attention to the German Trade Balance, the data is expected to be better than the previous one and can positively affect the euro. No important news for the UK will be published today. As regards to the USA, only some secondary data will be released and will not strongly influence the USD.

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 1.1352 and 1.1468. The important level that prevents the fall is located at 1.1294. 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 1.5264 and 1.5350. The important level that prevents the fall is located at 1.5210. 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 0.7775 and 0.7830. The important level that prevents the fall is located at 0.7747. 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 119.22. The important level that prevents the fall is located at 117.15. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1244 and 1268. The important level that prevents the fall is located at 1228. 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.