Daily market review for 12.02.2016

EUR/USD has started to gradually increase in value after its sharp fall. The pair still locates near the 1.13 mark and keeps perspectives for a further growth. GBP/USD trades in a narrow range, but the pair’s further move is indefinite. The important US reports for today might impact the asset's value. USD/JPY continues to actively decrease in value. The pair is still located near the 112 mark and has tendencies for a further decline. Gold has formed a new high by reaching the 1263 level. The asset continues to trade near its maximum values and currently locates near the 1243 mark. We recommend traders to pay a lot of attention to Gold's price chart.

Market news

Important statistics for the Eurozone and the USA are expected today. Only some secondary data for the UK will be published today and won't strongly influence the market. As to the Eurozone, we recommend to pay attention to the German GDP report, the data is expected to remain on the previous level and might positively affect the euro. As to the USA, the Core Retail Sales and the Retail sales reports will be released. The forecasts are positive and might impact 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 1.1334 and 1.1377. The important level that prevents the fall is located at 1.1275. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD 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 1.4490 and 1.4547. The important level that prevents the fall is located at 1.4383. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 0.7126. The important levels that prevent the fall are located at 0.7075 and 0.6983. 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 down, which show a further decrease. The important level that prevents the rise is located at 113.18. The important levels that prevent the fall are located at 111.90 and 110.99. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 0.9762. The important levels that prevent the fall are located at 0.9699 and 0.9661. 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 levels that prevent the rise are located at 79.64 and 80.58. The important level that prevents the fall is located at 78.62. 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 level that prevents the rise is located at 1263. The important levels that prevent the fall are located at 1229 and 1206. 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.