Daily market review for 05.02.2016

EUR/USD has reached the 1.12 level, but then has slightly decreased in value, and currently trades near the 1.11 mark. The pair has perspectives for a further fall. GBP/USD, just like EUR/USD, trades negatively and keeps tendencies for a further decline. The important US data can significantly impact the pairs’ further trends during the day. USD/JPY has fallen lower to the 116 mark with perspectives for a further decrease. Gold has renewed its two-month high by reaching the 1157 level. The asset continues to increase in value, which gives a great chance to make good profit.

Market news

Important statistics for the USA are expected today. As to the Eurozone and the UK, only some secondary data will be published, and won't strongly affect the market. As to the USA, we recommend to pay attention to the Nonfarm Payrolls report. The Unemployment report also will be released. The data is expected to remain on the same level and can positively influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.1238. The important levels that prevent the fall are located at 1.1158 and 1.1069. 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 1.4613 and 1.4670. The important level that prevents the fall is located at 1.4530. 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 levels that prevent the rise are located at 0.7210 and 0.7242. The important level that prevents the fall is located at 0.7163. 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 increase. The important levels that prevent the rise are located at 117.33 and 118.17. The important level that prevents the fall is located at 116.53. 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 up, which show a further increase. The important levels that prevent the rise are located at 0.9989 and 1.0074. The important level that prevents the fall is located at 0.9921. 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 level that prevents the rise is located at 77.24. The important levels that prevent the fall are located at 76.11 and 75.50. 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 1157. The important levels that prevent the fall are located at 1148 and 1140. 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.