Daily market review for 31.05.2016

EUR/USD trades negatively near the 1.11 level. The pair has tendecies for a further decline. USD/JPY has reached the 111 mark and continues to actively increase in value. Gold's price chart showed a trend reversal, the asset started to trade positively. Gold's price has stopped at 1212. It has perspectives for a further growth.

Market news

Important data for the Eurozone and the USA is 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 CB Consumer index. There might be new trends.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1155. The important level that prevents the fall is located at 1.1128. 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 111.35. The important level that prevents the fall is located at 110.80. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1213. The important levels that prevent the fall are located at 1204 and 1200. 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.