Daily market review for 15.04.2015

EUR/USD corrects after its active fall. It has perspectives to reach 1.0750, where a new phase of decline can start. Generally, many investors increase sales from each movement upwards and focus on the 1.03 price level. GBP/USD, just like EUR/USD, corrects after its fall. In order to further decrease in value, some negative newsflow for the UK is needed. USD/JPY trades positively and has perspectives for a further rise. Gold trades in a narrow range, but still keeps the positive sentiment.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the Interest Rate Decision, the data is expected to remain on the same level. Only the secondary statistics for the UK will be published today and will not affect the market significantly. As regards to the USA, the Industrial Production report will be released, 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 levels that prevent the rise are located at 1.0656 and 1.0705. The important level that prevents the fall is located at 1.0616. 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 1.4799. The important levels that prevent the fall are located at 1.4723 and 1.4636. 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 down, which show a further decrease. The important levels that prevent the rise are located at 0.7617 and 0.7648. The important level that prevents the fall is located at 0.7579. 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 120.09. The important levels that prevent the fall are located at 119.54 and 119.05. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.9794. The important levels that prevent the fall are located at 0.9731 and 0.9672. 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 51.29 and 52.30. The important level that prevents the fall is located at 49.86. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD 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 1195 and 1201. The important level that prevents the fall is located at 1191. 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.