Daily market review for 10.04.2015

EUR/USD trades negatively. The pair has succeeded to strengthen lower than 1.07, which is a positive signal for sellers of the asset. It still keeps perspectives for a further fall. In order to further decrease in value, some positive newsflow for the USA is needed. GBP/USD, just like EUR/USD, trades negatively. It has perspectives for a further decline with the target to reach the 1.46 level. USD/JPY trades positively and has perspectives for a further rise. Gold trades in a narrow range, but there might be a further rise.

Market news

Important statistics for the UK and the USA are expected today. No important news for the Eurozone will be published today. As to the UK, we recommend to pay attention to the Manufacturing Production report, the data is expected to be better than the previous one and can positively affect the British pound. As regards to the USA, the Import and Export Price Index reports will be released, 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 1.0683 and 1.0777. The important level that prevents the fall is located at 1.0636. 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 decrease. The important levels that prevent the rise are located at 1.4724 and 1.4844. The important level that prevents the fall is located at 1.4683. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/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 0.7720 and 0.7737. The important level that prevents the fall is located at 0.7680. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY 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 120.72. The important levels that prevent the fall are located at 120.43 and 120.25. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF 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 0.9788. The important levels that prevent the fall are located at 0.9749 and 0.9681. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUR 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 52.07 and 53.19. The important level that prevents the fall is located at 50.78. 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 1197 and 1202. The important level that prevents the fall is located at 1192. 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.