Daily market review for 18.05.2016

EUR/USD trades negatively. The pair has fallen to the 1.12 mark and continues to decline. USD/JPY trades negatively in the 108-109 ranges. It has tendencies for a further decrease. Gold trades negatively. The asset's price has stopped at 1275, but there might be a trend reversal during the day.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, the Consumer price index report will be released. As to the USA, we recommend to pay attention to the Crude oil inventories and the FOMC Meeting minutes. There might be new short-term and long-term trends.

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 1.1316 and 1.1349. The important level that prevents the fall is located at 1.1284. 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 109.39. The important level that prevents the fall is located at 108.73. 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 down, which show a further decrease. The important level that prevents the rise is located at 1281. The important levels that prevent the fall are located at 1273 and 1269. 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