Daily market review for 20.02.2015

EUR/USD corrects after its active rise. Generally, there are perspectives for a further decline with targets down to 1.13, and afterwards to 1.12. In order to perform a further fall, some negative data for the Eurozone and positive news for the USA are needed, in this case we can expect strong movements. GBP/USD, just like EUR/USD, trades in a narrow range. Generally, GBP/USD looks more positive, than EUR/USD, therefore it could continue to rise. USD/JPY trades positively and there might be a further growth. Gold trades negatively and could 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 Manufacturing PMI report, the data is expected to better than the previous one and can positively affect the euro. As to the UK, the Retail Sales report will be published, the results are expected to be negative and can influence the British pound. As regards to the USA, the Manufacturing PMI report will be released, the forecast is negative and can impact 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 1.1371 and 1.1449. The important level that prevents the fall is located at 1.1354. 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 level that prevents the rise is located at 1.5464. The important levels that prevent the fall are located at 1.5421 and 1.5403. 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 up, which show a further increase. The important level that prevents the rise is located at 0.7810. The important levels that prevent the fall are located at 0.7782 and 0.7756. 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 119.10. The important levels that prevent the fall are located at 118.86 and 118.58. 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 up, which show a further increase. The important level that prevents the rise is located at 0.9516. The important levels that prevent the fall are located at 0.9453 and 0.9384. 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 decrease. The important levels that prevent the rise are located at 62.28 and 63.49. The important level that prevents the fall is located at 60.81. 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 1208 and 1223. The important level that prevents the fall is located at 1205. 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.