Daily market review for 17.06.2016

EUR/USD continues to trade near the 1.12 level. The pair is located in the upward trend, therefore there might be a further rise during the day. USD/JPY trades negatively near its minimum value at 104. Gold's price has dropped to the 1284 mark. The asset has tendencies for a further decline.

Market news

As to the Eurozone, the ECB President Draghi will perform a speech, which might cause some short-term tendencies. As to the USA, we recommend to pay attention to the Building Permits report. The forecast is positive and can affect the value of 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 1.1272. The important levels that prevent the fall are located at 1.1223 and 1.1131. 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 104.83. The important level that prevents the fall is located at 103.75. 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 1295 and 1315. The important level that prevents the fall is located at 1276. 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.