Daily market review for 10.03.2015

EUR/USD is still under strong sales pressure. It kept its low level of 1.08, which is an indicator for negative signal for the EUR. Many investors are waiting for further fall but do not exclude the possibility for correction at the current level. GBP/USD just like the EUR/USD is being negatively traded with prospects for further fall. USD/JPY continues do gain new heights and stabilize itself at 121.00. That is a positive signal for buyers. Gold is being traded negatively and there are prospects for further fall.

Market News

Today we are all waiting for important statistics regarding the USA. Europe is awaiting only secondary news that are not so significant. UK is expecting a speech made by the head of Bank of England. During the speech, we can see significant movements regarding the currency. USA will be publishing statistics regarding open vacancies. Expected are better results than previously released which can affect positively the USD.

Recommendations:

EUR/USD is being negatively traded. The moving averages are currently in a horizontal position, which can indicate a further fall. The important level of growth to watch for is in the borders of 1.0832 and 1.0905. The important level of fall is around the border of 1.0784. 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 1.5094 and 1.5136. The important level of fall is around the borders of 1.5068. 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 fall can be expected. The important level of growth to watch for is around the border of 0.7656 and 0.7735 The important level of fall is around the borders of 0.7631. 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 122.01. The important level of fall is around the borders of 121.63 and 121.11. 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 0.9913. The important level of fall is around the borders of 0.9891 and 0.9834. 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 and 61.76. The important level of fall is around the borders of 59.78. 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 downwards position and a future fall is possible. The important level of growth to watch for is around the border of 1164 and 1169. The important level of fall is around the borders of 1159. 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.