Daily market review for 13.03.2015

EUR/USD is still being traded in a negative mood. There are prospects of further fall and negative financial news regarding Europe can contribute to that. Investors are expecting the fall to reach 1.03 and overall prospect of fall. GBP/USD just like the EUR/USD is being traded negatively with prospects for further fall. USD/JPY is in a positive direction with prospects for further growth. Gold is being traded in a positive manner with prospects for growth.

Market News

Today we are looking forward to statistics regarding Europe and the USA. Europe will be releasing information regarding the users index of Italy. Similar results are expected to be published, however if worst results are released, we can expect a further fall of the European currency and the EUR/USD is expected to fall. USA will be publishing information regarding the manufactures index. Better results are expected which will strengthen the USD.

EUR/USD is being negatively traded. The moving averages are currently in a downwards postion which can indicate a further fall. The important level of growth to watch for is in the borders of 1.0638 and 1.0682. The important level of fall is around the border of 1.0563. 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 1.4899 and 1.5024. The important level of fall is around the borders of 1.4845. 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 0.7678 and 0.7729 The important level of fall is around the borders of 0.7666. 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 121.56. The important level of fall is around the borders of 121.23 and 120.65. 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 an upwards position and further growth is expected. The important level of growth to watch for is around the border of 1.0075. The important level of fall is around the borders of 1.1011 and 0.9982. 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 61.76. The important level of fall is around the borders of 60.79 and 60.18. 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 narrow corridor. The moving averages are in a horizontal position and a future fall is possible. The important level of growth to watch for is around the border of 1261 and 1166. The important level of fall is around the borders of 1152. 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.