Daily market review for 17.02.2015

EUR/USD corrects after its active rise. There are new perspectives for a further decline, but some negative data for the Eurozone is necessary. Generally, there’s no a clear trend, and in order to leave the current range, a strong driver is needed. GBP/USD, just like EUR/USD, corrects after its active rise. In order to fall further, some negative news for the UK is required. USD/JPY gradually stabilizes and has perspectives for a further rise. Gold is under strong selling pressure and has perspectives to further decrease 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 ZEW Economic Sentiment, 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 Consumer Price Index report, the results are expected to be worse than the previous ones and can negatively impact the British pound. As regards to the USA, the FOMC member Plosser will perform a speech, some multidirectional movements can occur during the event.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.1427. The important levels that prevent the fall are located at 1.1348 and 1.1318. 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 level that prevents the rise is located at 1.5438. The important levels that prevent the fall are located at 1.5366 and 1.5338. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.7807. The important levels that prevent the fall are located at 0.7778 and 0.7742. 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 levels that prevent the rise are located at 118.63 and 118.81. The important level that prevents the fall is located at 118.22. 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 0.9334. The important levels that prevent the fall are located at 0.9299 and 0.9282. 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 level that prevents the rise is located at 64.06. The important levels that prevent the fall are located at 62.06 and 60.95. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1230 and 1236. The important level that prevents the fall is located at 1224. 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.