Daily market review for 01.03.2016

EUR/USD has fallen down to 1.08, but currently trades in a narrow range. The price chart's further move is indefinite. GBP/USD trades positively. The pair has succeeded to reach the 1.39 mark, and there might be a further increase. USD/JPY continues to locate near the 112 mark, but trades positively and keeps tendencies for a further growth. Gold has formed a new maximum value by reaching the 1248 mark, but afterwards the asset slightly fell down to 1245. The price chart is currently located in a narrow range. We recommend traders to pay special attention to the the asset's further direction.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, the German unemployment change report will be released, the data is expected to be better than the previous one and can positively affect the euro. As to the UK and the USA, we recommend to pay attention to the Manufacturing PMI reports. The data can strongly influence the further values of the British pound and the American dollar.

Our recommendations

EUR/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 1.0899 and 1.0963. The important level that prevents the fall is located at 1.0859. 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 up, which show a further increase. The important level that prevents the rise is located at 1.3949. The important levels that prevent the fall are located at 1.3900 and 1.3836. 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 0.7168. The important levels that prevent the fall are located at 0.7127 and 0.7109. 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 up, which show a further increase. The important level that prevents the rise is located at 113.27. The important level that prevents the fall is located at 112.16. 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 decrease. The important levels that prevent the rise are located at 0.9991 and 1.0038. The important level that prevents the fall is located at 0.9949. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 75.40 and 76.24. The important level that prevents the fall is located at 74.16. 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 level that prevents the rise is located at 1248. The important levels that prevent the fall are located at 1236 and 1225. 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.