Daily market review for 09.03.2016

EUR/USD has fallen down to the 1.09 mark, but now is gradually increasing in value. There might be a further growth. GBP/USD, just like EUR/USD, has started to trade positively after its prolonged decline. The pair locates near the 1.41 level. USD/JPY continues to trade negatively near the 112 mark. The price chart can also move in a narrow range. Gold has shown a sharp fall, by decreasing down to the 1251 mark. Now the asset is gradually growing. Gold's value has currently stopped at 1256. It might reach its previous maximum values, which gives a good chance to earn money.

Market news

Important statistics for the USA and the UK are expected today. As to the UK, the Manufacturing production report will be released. The data is expected to be better than the previous one and can positively affect the British pound. As to the USA, we recommend to pay attention to the Crude oil inventories data. The forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1012 and 1.1058. The important level that prevents the fall is located at 1.0967. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.4244. The important level that prevents the fall is located at 1.4174. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.7442 and 0.7469. The important level that prevents the fall is located at 0.7411. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 113.15. The important level that prevents the fall is located at 112.41. 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 0.9984. The important levels that prevent the fall are located at 0.9948 and 0.9903. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 72.92. The important level that prevents the fall is located at 71.54. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1264 and 1277. The important level that prevents the fall is located at 1251. 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.