Daily market review for 02.06.2016

The American dollar has significantly decreased in value, which impacted all the three assets. EUR/USD has reached the 1.12 mark. The pair keeps perspectives for a further growth. USD/JPY has fallen down to the 108 level, but the pair's price chart is currently showing a positive trend. Gold trades positively. The asset's price has stopped at 1214.

Market news

As to the Eurozone, the Interest rate decision will be announced and will define the further value of the euro. Strong price fluctuations are expected. As to the USA, we recommend to pay attention to the ADP Nonfarm Employment change and the Crude oil inventories.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.1214. The important levels that prevent the fall are located at 1.1184 and 1.1149. 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 109.70. The important level that prevents the fall is located at 108.84. 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 1220. The important levels that prevent the fall are located at 1210 and 1205. 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.