Daily market review for 18.02.2015

EUR/USD continues to be traded in a narrow corridor with anticipation of more important fundamental data, which will determine the future direction of the pair. If there are positive data, there can be a rise up to 1.15. GBP/USD just like the EUR/USD, is being traded in a narrow corridor. And for further growth, it is needed a positive data regarding the UK. It is possible that today it will break through the narrow corridor. USD/JPY is being traded in a positive manner and it was possible to stabilize higher level of 119.00. Gold continues its trade in a negative manner and it is possible to fall even further.

Market News

Today we await important statistics regarding Europe, USA and the UK. Important news for Europe is the Germany's 10 year obligations. UK is releasing data regarding the unemployment rate. If the results are better than the previously reported, it might affect the positive growth of the GBP. Regarding the USA,we are looking for statistics regarding the manufacturing price index. Worst results are anticipated which can result to negative levels of the USD.

Recommendations

EUR/USD is being traded in a narrow corridor. The moving averages are currently in a horizontal postion which means that growth might be expected. The important level of growth to watch for is in the borders of 1.1447. The important level of fall is around the border of 1.1380 and 1.1335. 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 traded in a narrow corridor. The moving averages are also in a horizontal position but growth might be expected. The important level of growth to watch for is around the border of 1.5401. The important level of fall is around the borders of 1.5342 and 1.5315. 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 positive manner. 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 0.7830. The important level of fall is around the borders of 0.7804 and 0.7779. 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 in a positive manner. The moving averages are in a downwards position which means that further fall is expected. The important level of growth to watch for is around the border of 119.40. The important level of fall is around the borders of 118.92 and118.42. 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 narrow corridor. The moving averages are in a horizontal position but further fall is expected. The important level of growth to watch for is around the border of 0.9374. The important level of fall is around the borders of 0.9350 and 0.9315. 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 fall is expected. The important level of growth to watch for is around the border of 62.45 and64.05. The important level of fall is around the borders of 61.67. 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 horizontal level but a future fall is possible. The important level of growth to watch for is around the border of 1211 and 1225. The important level of fall is around the borders of 1203. 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.