Daily market review for 17.02.2016

EUR/USD trades positively and still locates near the 1.11 mark with perspectives for a further growth. GBP/USD trades in a narrow range. A few labor market reports for the UK will be released today, therefore a new trend might easily form. USD/JPY continues to trade negatively. The pair has fallen down to the 113 level, but there might be a further increase. Gold has started to gradually decrease in value after its prolonged growth. The asset's price chart is still located near the 1200 level. Gold's value has currently stopped at 1204. There might a further decline.

Market news

Important statistics for the UK and the USA are expected today. There will be no economic reports for the Eurozone. As to the UK, the Average earnings index will be released, the data is expected to be worse than the previous one and can negatively influence the British pound. As to the USA, the Producer price index report will be published. The data is expected to remain on the previous level and can positively affect the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.1193. The important level that prevents the fall is located at 1.1119. 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 decrease. The important levels that prevent the rise are located at 1.4360 and 1.4517. The important level that prevents the fall is located at 1.4256. 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 levels that prevent the rise are located at 0.7120 and 0.7181. The important level that prevents the fall is located at 0.7081. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 114.39 and 114.89. The important level that prevents the fall is located at 113.60. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.9899. The important levels that prevent the fall are located at 0.9861 and 0.9847. 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 78.08. The important levels that prevent the fall are located at 76.88 and 75.84. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1209 and 1216. The important level that prevents the fall is located at 1194. 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