Daily market review for 15.06.2016

EUR/USD has dropped to the 1.12 level and currently trades in a narrow range. USD/JPY has started to trade negatively after its prolonged growth. The pair still trades near the 106 mark. Gold trades in a narrow range. The asset's price has stopped at 1284. There might be a further rise.

Market news

The US Interest rate decision will be announced today and will define the further value of the American dollar. Strong fluctuations in the assets' prices are expected. We also recommend to pay attention to the Producer price index report and the Crude oil inventories. There will be only some secondary data for the Eurozone.

Our recommendations

EUR/USD 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 1.1242. The important level that prevents the fall is located at 1.1189. 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 106.31. The important level that prevents the fall is located at 105.86. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

GOLD 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 1289. The important level that prevents the fall is located at 1280. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.