Daily market review for 12.03.2015

EUR/USD continues to renew its lows and has succeeded to strengthen lower than 1.06, which is a positive signal for sellers of the asset. Generally, there are perspectives for a further fall with the target down to 1.03. Many investors are currently increasing sales and expecting a further decline. GBP/USD trades negatively and has strengthened lower than 1.50, which is also a positive signal for the pair’s sellers. USD/JPY trades positively and has perspectives for a further growth. Gold trades positively and has tendencies 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 Industrial production report, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, the Trade Balance report will be published, the forecast is positive and can influence the British pound. As regards to the USA, the Retail Sales report will be released, the forecast is also positive and can impact the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.0599 and 1.0696. The important level that prevents the fall is located at 1.0493. 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 up, which show a further increase. The important levels that prevent the rise are located at 1.4987 and 1.5095. The important level that prevents the fall is located at 1.4891. 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 up, which show a further increase. The important level that prevents the rise is located at 0.7668. The important levels that prevent the fall are located at 0.7593 and 0.7559. 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 down, which show a further decrease. The important level that prevents the rise is located at 121.66. The important levels that prevent the fall are located at 121.13 and 120.85. 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 down, which show a further decrease. The important level that prevents the rise is located at 1.0127. The important levels that prevent the fall are located at 1.0032 and 0.9968. 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 62.22 and 62.97. The important level that prevents the fall is located at 60.26. 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 up, which show a further increase. The important level that prevents the rise is located at 1166. The important levels that prevent the fall are located at 1159 and 1147. 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.