Daily market review for 6.07.2016

EUR/USD trades in a narrow corridor. The pair increased to level 1.10. USD/JPY still locates near the 102 mark and trades positively. Might be expected tendencies for a further growth. Gold trades positively. The asset's price increased to level 1368.

Market news

For Europe we recommend to pay attention to ECB President Marco Draghi speech at 7:00 GMT, for US there will two important news blocks at 12:00 and 13:45 GMT time.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1067. The important level that prevents the fall is located at 1.1036. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 101.72. The important level that prevents the fall is located at 100.58. 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 up, which show a further increase. The important level that prevents the rise is located at 1370. The important level that prevents the fall is located at 1355. 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.