Daily market review for 14.04.2016

The American dollar has significantly strengthened, which affected the values of all the three assets. EUR/USD has fallen down to 1.12 and continues to trade negatively. USD/JPY is still growing, but trades near its minimum values. The pair has tendencies for a further rise. Gold's value has decreased down to 1228. Now the asset's price is located at 1234. There might be a trend reversal.

Market news

As to the Eurozone, the Consumer price index report will be released. The data is expected to remain on the previous level. As to the USA, we recommend to pay attention to the Core CPI. The data can negatively influence the USD's value.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.1292 and 1.1326. The important level that prevents the fall is located at 1.1254. 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 109.55. The important level that prevents the fall is located at 109.14. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1241 and 1250. The important level that prevents the fall is located at 1228. 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.