Daily market review for 29.06.2016

EUR/USD continues to trade positively near the 1.10 level. USD/JPY still locates near the 102 mark. The pair trades negatively and keeps tendencies for a further decline. Gold is gradually increasing in value.

Market news

As to the Eurozone, the EU leaders Summit is expected and can influence the euro’s value. As to the USA, we recommend to pay attention to the Pending Home sales and the Crude oil inventories.

Our recommendations

EUR/USD trades in narrow corridor. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1079. The important level that prevents the fall is located at 1.1048. 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 102.73. The important level that prevents the fall is located at 102.17. 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 1321. The important level that prevents the fall is located at 1309. 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.