Daily market review for 01.06.2016

EUR/USD continues to trade negatively near the 1.11 level. USD/JPY has formed a clear negative trend. The pair's value has already dropped by 1 point and continues to fall. Traders have a great chance to make money. Gold trades negatively, but there might be new tendencies during the day. The asset's price has stopped at 1214.

Market news

As to the Eurozone and the USA, the Manufacturing PMI reports will be released. There might be new trends during the day.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.1145 and 1.1174. The important level that prevents the fall is located at 1.1114. 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 levels that prevent the rise are located at 110.83 and 111.25. The important level that prevents the fall is located at 110.05. 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 1219. The important levels that prevent the fall are located at 1212 and 1208. 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.