Daily market review for 09.06.2016

EUR/USD has shown the intense growth by breaching the 1.14 level. The pair still keeps tendencies for a further rise. USD/JPY continues to trade negatively near the 107 level. It has perspectives for a further fall. Gold continues to actively increase in value. The asset's price has stopped at 1261. There might be a further rise.

Market news

As to the Eurozone, the ECB President Draghi will perform a speech, which might cause short-term tendencies. There will be no important data for the USA.

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 1.1416. The important levels that prevent the fall are located at 1.1388 and 1.1364. 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 107.09. The important level that prevents the fall is located at 106.52. 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 1266. The important levels that prevent the fall are located at 1258 and 1250. 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.