Daily market review for 13.05.2016

EUR/USD has dropped to the 1.13 mark, but currently trades in a narrow range. The price chart’s further move is indefinite. USD/JPY has started to gradually decrease in value. The pair trades near the 108 level and has tendencies for a further fall. Gold trades positively. The asset's price has stopped at 1271 and keeps perspectives for a further growth.

Market news

The important data for the Eurozone and the USA is expected today. As to the Eurozone, the German GDP report for the 1st quarter will be released. As to the USA, we recommend to pay attention to the Core Retail sales and the Producer Price index.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.1390 and 1.1415. The important level that prevents the fall is located at 1.1367. 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 108.63. 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 1271 and 1280. The important level that prevents the fall is located at 1261. 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.