Daily market review for 25.02.2016

EUR/USD has started to trade positively, but still locates near the 1.10 level. The pair has tendencies for a further growth. GBP/USD continues to trade negatively near the 1.39 mark and keeps perspectives for a further decline. USD/JPY has reached the 112 level, but now is again falling in price. Gold has almost reached its 2-month high by rising up to the 1254 mark. Afterwards the asset had slightly decreased in value, but currently trades positively. The asset's price has currently stopped at 1235. It has perspectives for a further increase.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, the Consumer price index report will be published, the data is expected to remain on the previous level and can positively affect the euro. As to the UK, the GDP data for the 4th quarter will be released. As to the USA, we recommend to pay attention to the Core durable goods orders. The forecast is positive and can influence 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 1.1047. The important levels that prevent the fall are located at 1.1005 and 1.0957. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.3960 and 1.4018. The important level that prevents the fall is located at 1.3879. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 0.7212. The important level that prevents the fall is located at 0.7145. 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 112.62. The important levels that prevent the fall are located at 111.89 and 111.05. 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 levels that prevent the rise are located at 0.9898 and 0.9953. The important level that prevents the fall is located at 0.9852. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 76.48 and 77.52. The important level that prevents the fall is located at 75.62. 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 levels that prevent the rise are located at 1241 and 1252. The important level that prevents the fall is located at 1220. 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.