Daily market review for 04.03.2015

EUR/USD is still under sales pressure. There is prospect for further fall. Negative economic news regarding Europe will affect the the further fall of the Euro and positive news regarding the USA. In this case, we can see the EUR/USD on the 1.10 level. GBP/USD just like the EUR/USD is being traded in a negative manner. There are also prospects for further fall and negative news regarding the UK will benefit for the fall. USD/JPY is being traded positively and there are prospects for growt h. Gold is being traded positively and there are prospects for further growth.

Market News

Today we are all waiting for important statistics regarding Europe, UK and the USA. Europe will be releasing information on the activity of the service sector index. We are expecting similar data as previously released. UK will be releasing the same type of information (service sector) and if those are better than previously reported we can say that it will positively influence the GBP. Regarding the USA, look out for their release on the service sector as well and if the data is worst then previously reported, it can affect the US currency in a negative manner.

Торговые идеи

EUR/USD is being negatively traded. 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 1.1184 and 1.1216. The important level of fall is around the border of 1.1153. 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 negatively traded. The moving averages are in a horizontal position which can indicate a possible fall. The important level of growth to watch for is around the border of 1.5370 and 1.5393. The important level of fall is around the borders of 1.5341. 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 in a narrow corridor. The moving averages are in a horizontal position, however further growth can be expected. The important level of growth to watch for is around the border of 0.7823 and 0.7843. The important level of fall is around the borders of 0.7795. 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 an upwards position which can indicate a further growth. The important level of growth to watch for is around the border of 119.90. The important level of fall is around the borders of 119.60 and 119.37. 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 horizontal position and further fall is expected. The important level of growth to watch for is around the border of 0.9627. The important level of fall is around the borders of 0.9601 and 0.9573. 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 62.21 and 62.98. The important level of fall is around the borders of 60.63. 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 positive manner. The moving averages are in a horizontal level but a future growth is possible. The important level of growth to watch for is around the border of 1215. The important level of fall is around the borders of 1202 and 1195. 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.