Daily market review for 05.03.2015

EUR/USD is being negatively traded and there are prospects for further fall. The pair was fortunate to stabilize under 1.11, which is a positive signal for selling investors. Overall the pressure is growing and many investors are following the current fall. GBP/USD is being negatively traded and there are prospects for further fall. Investors are expecting a fall in the region of 1.51. USD/JPY is being positively traded and there are prospects for further growth. Gold is being traded in a narrow corridor however there are prospects for growth.

Market News

Expected today are statistics regarding Europe, UK and the USA. Europe is expected to release information regarding interest rates. The data is expected to be similar to previously published information, however if it turns out that the data shows worst results, then the EUR/USD will continue to fall. UK will also be publishing data regarding the interest rate, which is expected to be similar to previously published information. USA will be releasing information regarding the production demand. If the statistic shows better results then previously reported, then we can expect positive effect on the USD.

Recommendations

EUR/USD is being negatively traded. The moving averages are currently in a downwards postion which indicates a further fall. The important level of growth to watch for is in the borders of 1.1084 and 1.1143. The important level of fall is around the border of 1.1025. 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 downwards position which can indicate a possible fall. The important level of growth to watch for is around the border of 1.5268 and 1.5355. The important level of fall is around the borders of 1.5224. 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 0.7839. The important level of fall is around the borders of 0.7805 and 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 a horizontal position which can indicate a further growth. The important level of growth to watch for is around the border of 119.89. The important level of fall is around the borders of 119.77 and 119.46. 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 positive manner. The moving averages are in an upwards position and further growth is expected. The important level of growth to watch for is around the border of 0.9662 and 0.9677. The important level of fall is around the borders of 0.9626. 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 62.30. The important level of fall is around the borders of 61.34 and 60.43. 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 1206. The important level of fall is around the borders of 1202 and 1198. 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.