Daily market review for 02.03.2015

EUR/USD is under sales pressure and has prospects for further fall. This further fall is dependent on negative economic news regarding the USA. Many investors are increasing their sale volume to 1.11 and 1.10. These goals can be already reached next week. GBP/USD, is being traded in a narrow corridor and there are prospects for further growth. For the growth positive news regarding the UK are needed. USD/JPY is being traded positively with prospects for further growth. Gold is being positively traded with prospects for further growth.

Market News

Important Statistics are expected to be released regarding Europe and the USA. Europe is paying attention to statistics regarding the consumer price index of Spain. A worst data is expected to be reported which can influence the EUR negatively. No expected reports regarding the UK are expected today. Traders should be looking out for statistic regarding the GDP. Worst results than previously reported are expected, which can influence negatively on the USD.

Recommendations

EUR/USD is being traded negatively. The moving averages are currently in a horizontal postion but a further fall migh take place. The important level of growth to watch for is in the borders of 1.1261 and 1.1378. The important level of fall is around the border of 1.1182. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GBP/USD is being traded in a narrow corridor. The moving averages are in an upwards position which can indicate a possible growth. The important level of growth to watch for is around the border of 1.5455 and 1.5544. The important level of fall is around the borders of 1.5393. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

AUD/USD is being traded negatively. The moving averages are in a rising direction, which gives indication of further growth. The important level of growth to watch for is around the border of 0.7823 and 0.7893. The important level of fall is around the borders of 0.7776. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

USD/JPY is being traded positively. Moving averages are in a horizontal position but there is a possible growth. The important level of growth to watch for is around the border of 119.35 and 119.49. The important level of fall is around the borders of 119.10. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

USD/CHF is being traded in a narrow corridor. The moving averages are in a downwards position and further fall is expected. The important level of growth to watch for is around the border of 0.9524 and 0.9545. The important level of fall is around the borders of 0.9490. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

USD/RUB is being traded in a narrow corridor. The moving averages are in a horizontal position but further growth is expected. The important level of growth to watch for is around the border of 61.45. The important level of fall is around the borders of 60.32 and 59.63. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GOLD is currently being traded in a negative manner. The moving averages are in a horizontal level but a future fall is possible. The important level of growth to watch for is around the border of 1220. The important level of fall is around the borders of 1208 and 1203. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

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.