Daily market review for 5.07.2016

EUR/USD trades negatively. The pair stayed at the 1.10 level. USD/JPY still locates near the 102 mark and trades in a narrow corridor. Might be expected tendencies for a further decline. Gold trades negatively. The asset's price has stopped at 1342.

Market news

For Europe we recommend to pay attention to important news block at 7:45 and for US pay attention to Factory orders statistics for May at 14:00 and FOMC member William Dudley speech at 18:30 GMT.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.1149. The important level that prevents the fall is located at 1.1122. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow corridor. The important level that prevents the rise is located at 102.57. The important level that prevents the fall is located at 101.98. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1351. The important level that prevents the fall is located at 1337. 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.