Daily market review for 27.02.2015

EUR/USD is under strong selling pressure and has perspectives to further decrease in value. Some positive newsflow for the USA is needed to perform such movement. Many investors are increasing purchases with targets up to 1.11 and 1.10. These levels could be already reached on the next week. GBP/USD continues to trade in a narrow range and has perspectives for a further rise. In order to grow further some positive data for the UK is necessary. USD/JPY trades positively and has perspectives for a further rise. Gold trades positively and has perspectives to further increase in value.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the Spanish CPI report, the data is expected to be worse than the previous one and can negatively affect the euro. No important news for the UK will be published today. As regards to the USA, the GDP report will be released, the forecast is negative and can influence 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 1.1261 and 1.1378. The important level that prevents the fall is located at 1.1182. 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 up, which show a further increase. The important levels that prevent the rise are located at 1.5455 and 1.5544. The important level that prevents the fall is located at 1.5393. 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 up, which show a further increase. The important levels that prevent the rise are located at 0.7823 and 0.7893. The important level that prevents the fall is located at 0.7776. 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 levels that prevent the rise are located at 119.35 and 119.49. The important level that prevents the fall is located at 119.10. 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 levels that prevent the rise are located at 0.9524 and 0.9545. The important level that prevents the fall is located at 0.9490. 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 61.45. The important levels that prevent the fall are located at 60.32 and 59.63. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1220. The important levels that prevent the fall are located at 1208 and 1203. 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.