Daily market review for 16.03.2016

EUR/USD has started to actively decrease in value. The pair curently trades near the 1.10 level and keeps perspectives for a further decline. USD/JPY trades positively near the 113 mark. It has tendencies for a further rise. Gold has started to gradually grow after its prolonged sideways trading. Now the asset’s price is located at 1232. It has perspectives for a further increase.

Market news

The fundamental data for the USA will be published today. Firstly we recommend traders to pay a lot of attention to the Fed's Interest rate decision, which will define the USD's further value and will impact the Gold's price. Also the Consumer price index and the Crude oil inventories reports will be released. During the whole day some strong price fluctuations are expected, as well as new 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 1.1109 and 1.1125. The important level that prevents the fall is located at 1.1082. 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 increase. The important level that prevents the rise is located at 113.56. The important levels that prevent the fall are located at 113.02 and 112.64. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1234 and 1237. The important level that prevents the fall is located at 1227. 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