Daily market review for 03.06.2016

After the announcement of the Interest rate decision, EUR/USD fell to the 1.11 level. The pair traded in a narrow range, but now has started to gradually increase in value. USD/JPY still trades near the 108 mark. It has tendencies for a further decline. Gold trades positively. The asset's price has stopped at 1211.

Market news

Only the important US data will be published today. We recommend to pay attention to the Unemployment rate and the ISM Non-Manufacturing PMI. There might be new tendencies.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.1179 and 1.1216. The important level that prevents the fall is located at 1.1142. 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 109.14. The important level that prevents the fall is located at 108.50. 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 levels that prevent the rise are located at 1213 and 1217. The important level that prevents the fall is located at 1206. 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.