Daily market review for 4.07.2016

EUR/USD trades in a narrow corridor. The pair stayed at the 1.10 level. USD/JPY still locates near the 102 mark and trades negatively. Might be expected tendencies for a further decline. Gold trades positively. Now the asset's price has stopped at 1351.

Market news

For Europe we recommend to pay attention to important Spanish Unemployment Change statistics at 7:00 GMT time. There will be no important news for US today.

Our recommendations

EUR/USD trades in a narrow corridor. The important levels that prevent the rise are located at 1.1145. The important level that prevents the fall is located at 1.1124. 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 102.79. The important level that prevents the fall is located at 102.41. 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 1356. The important level that prevents the fall is located at 1335. 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.