Daily market review for 23.04.2015

EUR/USD continues to trade negatively. The asset hasn’t succeeded yet to strengthen below 1.07. Many investors keep bear sentiment and continue to increase sales. In order to fall further actively, some strong newsflow is necessary. GBP/USD trades positively and has perspectives to rise further, but some positive data for the UK is needed. USD/JPY trades positively and has tendencies to further increase in value. Gold trades negatively but has perspectives for a growth.

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, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, the Retail Sales report will be released, the data is expected to be negative and can influence the British pound. As regards to the USA, the New Home Sales report will be published, 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 1.0727 and 1.0800. The important level that prevents the fall is located at 1.0690. 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 levels that prevent the rise are located at 1.5037 and 1.5078. The important level that prevents the fall is located at 1.5010. 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 decrease. The important levels that prevent the rise are located at 0.7762 and 0.7806. The important level that prevents the fall is located at 0.7718. 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 down, which show a further decrease. The important level that prevents the rise is located at 120.08. The important levels that prevent the fall are located at 119.66 and 118.96. 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 0.9717. The important levels that prevent the fall are located at 0.9623 and 0.9500. 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 52.26. The important levels that prevent the fall are located at 51.42 and 50.85. 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 1198 and 1205. The important level that prevents the fall is located at 1184. 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.