Daily market review for 25.02.2015

EUR/USD continues to trade in a narrow range. The pair still has some perspectives for a further rise, but some positive newsflow for the Eurozone is needed. Many investors are increasing purchases, trying to aim the 1.15 level. GBP/USD trades positively and has perspectives for a further growth, but some positive news for the UK is necessary. USD/JPY is under selling pressure and has tendencies to further decrease in value. Gold gradually stabilizes and has perspectives for a further rise.

Market news

Important statistics for the UK and the USA are expected today. As to the UK, we recommend to pay attention to the BBA Mortgage Approvals. As to the USA, the New Home Sales report will be released, the data is expected to be worse than the previous one and can negatively affect the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.1357. The important levels that prevent the fall are located at 1.1335 and 1.1300. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.5497. The important levels that prevent the fall are located at 1.5446 and 1.5402. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.7898. The important levels that prevent the fall are located at 0.7844 and 0.7744. 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 118.98 and 119.84. The important level that prevents the fall is located at 118.61. 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 0.9506 and 0.9522. The important level that prevents the fall is located at 0.9468. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 63.57. The important levels that prevent the fall are located at 62.20 and 61.58. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1212. The important levels that prevent the fall are located at 1207 and 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.