Daily market review for 11.05.2016

EUR/USD trades positively, but continues to locate near the 1.13 level. It has perspectives for a further growth. USD/JPY trades negatively near the 108 mark and continues to decrease in value. Gold is showing an intense growth. The asset's price has reached the 1271 mark and keeps tendencies for a further rise.

Market news

Only the important US data will be published today. We recommend to pay attention to the Crude oil inventories report. The data is expected to be worse than the previous one and can negatively affect the American dollar.

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 1.1410. The important level that prevents the fall is located at 1.1366. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 108.92 and 109.37. The important level that prevents the fall is located at 108.62. 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 1271. The important levels that prevent the fall are located at 1264 and 1256. 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.