Daily market review for 10.02.2016

EUR/USD has succeeded to reach the 1.13 mark, but currently trades in a narrow range. There might be a further increase. GBP/USD trades positively and keeps perspectives for a further growth. USD/JPY is still located near the 114 level, but has tendencies for a further rise. Some important economic releases for today might affect the pairs' values. The Gold's price chart has showed a decline for the first time in a couple of weeks by falling down to the 1190 mark. Nevertheless, the asset is still located quite close to its maximum values. The asset's further move is indefinite.

Market news

Important statistics for the UK and the USA are expected today. Only some secondary data for the Eurozone will be published today and won't strongly influence the market. As to the UK, we recommend to pay attention to the Manufacturing production report, the data is expected to be better than the previous one and can positively affect the British pound. As to the USA, the Crude oil inventories report will be released. The forecast is negative and might impact the USD's value.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1338. The important levels that prevent the fall are located at 1.1257 and 1.1162. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.4516. The important levels that prevent the fall are located at 1.4445 and 1.4378. 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 level that prevents the rise is located at 0.7095. The important levels that prevent the fall are located at 0.7037 and 0.6973. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 114.87 and 115.54. The important level that prevents the fall is located at 114.26. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.9756 and 0.9870. The important level that prevents the fall is located at 0.9694. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 79.90. The important levels that prevent the fall are located at 78.82 and 78.03. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1193 and 1198. The important level that prevents the fall is located at 1185. 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.