Daily market review for 19.05.2016

The American dollar has significantly strengthened, and affected all the three assets. EUR/USD continues to decrease in value. The pair trades near the 1.12 level. USD/JPY has risen up to the 110 mark. It has tendencies for a further growth. Gold trades negatively. The asset's price has stopped at 1256, and has perspectives for a further decline.

Market news

Only the US important reports will be published today. We recommend to pay attention to the Philadelphia Fed Manufacturing index. The data is expected to be better than the previous one and can positively affect the American dollar.

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 1.1236 and 1.1293. The important level that prevents the fall is located at 1.1212. 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 110.27. The important levels that prevent the fall are located at 109.93 and 109.31. 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 levels that prevent the rise are located at 1260 and 1275. The important level that prevents the fall is located at 1254. 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.