Daily market review for 24.05.2016

EUR/USD trades positively near the 1.12 level. The pair has tendencies for a further growth. USD/JPY trades positively near the 109 mark. There might be a new trend during the day. Gold is actively decreasing in value. The asset's price has stopped at 1245. It has perspectives for a further decline.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, the German ZEW Economic sentiment will be released. As to the USA, we recommend to pay attention to the New Home Sales. There might be new short-term and long-term tendencies.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.1231. The important levels that prevent the fall are located at 1.1203 and 1.1188. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 109.57. The important level that prevents the fall is located at 109.11. 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 1251. The important level that prevents the fall is located at 1242. 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.