Daily market review for 16.02.2016

EUR/USD continues to trade negatively. The pair's value has fallen down to the 1.11 mark, but has tendencies for a further growth. GBP/USD, just like EUR/USD, trades negatively and locates near the 1.44 level with perspectives for a further decline. USD/JPY is located in the upward trend, but now has started to gradually decrease in value. The pair's price is still located near the 114 level. Gold has started to rise after its prolonged fall. The asset currently trades near the 1200 mark. There might be a further growth. We recommend traders to pay a lot of attention to the asset's further move, since there's a chance to make good profit.

Market news

Important statistics for the Eurozone and the UK are expected today. Only some secondary data for the USA will be published today and won’t strongly affect the market. As to the Eurozone, we recommend to pay attention to the German ZEW economic sentiment, the data is expected to be worse than the previous one and can negatively influence the euro. As to the UK, the Consumer price index report will be released. The forecast is positive and might positively impact the GBP’s value.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.1184 and 1.1230. The important level that prevents the fall is located at 1.1128. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.4456 and 1.4536. The important level that prevents the fall is located at 1.4406. 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 0.7176. The important level that prevents the fall is located at 0.7130. 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 114.88. The important levels that prevent the fall are located at 114.29 and 113.60. 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 0.9888. The important levels that prevent the fall are located at 0.9855 and 0.9794. 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 levels that prevent the rise are located at 77.84 and 78.45. The important level that prevents the fall is located at 76.40. 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 1213 and 1224. The important level that prevents the fall is located at 1190. 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.