Daily Market Review – 03/06/2015
The EUR / USD opened with moderate growth. Bullish sentiment has been persisting since yesterday on the background of gradual settlement of the situation in Greece. The key defining events of today will be the interest rate decision of the ECB and the US trade balance. In case of the resistance passing in the 1.1200 area it will likely rise to the upper boundary of the red channel.
Resistance: 1.1200-1.1210, 1.1300-1.1320,1.1450-1.1470.
Support: 1.1000, 1.0915-1.0900, 1.0885, 1.0815-1.0800.
Recommendations: buy by passing 1.1200.
Bearish sentiment towards the Russian currency continues to prevail. The resumption of the oil downward movement is currently the main cause of the fall of the ruble. The general trend – growth to the strategic target of 60.00.
Resistance: 53.60, 54.00, 55.00.
Support: 52.00, 51.00, 50.20-50.00.
Recommendations: buy on dips.
S&P 500 Futures
The S&P500 futures, opened the session on a narrow sideways move. At the moment, the market situation is uncertain, with the market waiting for a report on the labor market (Nonfarm Payrolls ) , which will be published this Friday.
Resistance: 2117, 2120-2122, 2133-2133.5.
Support: 2094, 2090, 2080.
Recommendations: no trade.
Gold opened in a modest fall during the European session. The nearest support level is located in the area of 1186.00, the passage of which is likely to cause a further decline to the blue line on the chart. A positive solution to the Greek problem is likely to result in a continuation of the downward trend in the medium term.
Resistance: 1200.00, 1204.30-1204.50, 1214.80-1215.00.
Support: 1186.00-1185.90, 1183.50, 1183, 1180.30-1180.00.
Recommendations: sale after passing 1186.