Daily market review for 02.02.2016

EUR/USD has slightly increased in value and has reached the 1.09 level, which was definitely affected by the positive data for the Eurozone. The pair keeps tendencies for a further rise, but the trend might reverse. GBP/USD trades negatively and has perspectives for a further decline. USD/JPY trades negatively, and still locates near the 120 level. The asset keeps tendencies for a further fall, but its value might gradually grow. Gold has formed the new maximum at 1130, but then has slightly decreased in value. Now the asset trades near the 1125 mark and keeps perspectives for a further fall.

Market news

Important statistics for the Eurozone and the UK are expected today. Only some secondary data for the USA will be published today and won't strongly affect the market. As to the Eurozone, we recommend to pay attention to the German Unemployment change report, the data is expected to be better than the previous one and can positively affect the euro. As to the UK, the Construction PMI report will be released. The forecast is negative and can influence the British pound's value.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0919. The important levels that prevent the fall are located at 1.0874 and 1.0841. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.4445. The important levels that prevent the fall are located at 1.4349 and 1.4243. 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 down, which show a further decrease. The important level that prevents the rise is located at 0.7128. The important level that prevents the fall is located at 0.7062. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, which show a further decrease. The impotant levels that prevent the rise are located at 121.03 and 121.43. The important level that prevents the fall is located at 120.38. 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 1.0230. The important level that prevents the fall is located at 1.0155. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 77.81. The important levels that prevent the fall are located at 76.95 and 75.40. 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 level that prevents the rise is located at 1130. The important levels that prevent the fall are located at 1124 and 1119. 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.