Daily market review for 02.05.2016

EUR/USD continues to actively increase in value. The pair is located near the 1.14 level and keeps perspectives for a further growth. USD/JPY trades near its lows but has currently started to gradually grow. Gold trades near its maximum values. The asset's price has stopped at 1292. There might be a further increase.

Market news

The Manufacturing PMI reports for the Eurozone and the USA will be published today. As to the Eurozone, it's also worth paying attention to the ECB President's speech.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1481. The important levels that prevent the fall are located at 1.1433 and 1.1377. 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 levels that prevent the rise are located at 106.72 and 107.42. The important level that prevents the fall is located at 106.14. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1296. The important levels that prevent the fall are located at 1287 and 1273. 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.