Daily market review for 09.03.2015

EUR/USD is under strong sales pressure. Friday, after the published statistics regarding the USA, it was possible to stabilize the level of 1.10 which played a negative effect on the EUR/USD. At the moment there are prospects of further fall down to 1.07 and 1.03. GBP/USD like the EUR/USD, is being traded in a negative manner. There are prospects for further fall and a level of 1.49. USD/JPY, is being traded in a positive manner and it again managed to stabilize at the level of 120.00. Further growth is expected. Gold is being negatively traded and there are prospects for further fall.

Market News

Today wee are expecting important statistic regarding Europe. USA and the UK are not expected to publish any significant news. Europe will be releasing information regarding the trading balance of Germany. Worst result are expected than previously reported and that can affect negatively the European currency. USA will be releasing a non-significant statistic which will not really affect the market.

Торговые идеи

EUR/USD is being negatively traded. The moving averages are currently in a horizontal postion which can indicate a further fall. The important level of growth to watch for is in the borders of 1.0887 and 1.1024. The important level of fall is around the border of 1.0822. 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 1.5087 and 1.5216. The important level of fall is around the borders of 1.5031. 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 0.7730 and 0.7845 The important level of fall is around the borders of 0.7683 and 0.7845. 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 121.29. The important level of fall is around the borders of 120.62 and 119.90. 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 a horizontal position and further growth is expected. The important level of growth to watch for is around the border of 0.9869. The important level of fall is around the borders of 0.9838 and 0.9733. 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 60.88. The important level of fall is around the borders of 59.66 and 58.85. 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 1277 and 1198. The important level of fall is around the borders of 1164. 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.