The price of the oil is getting back his momentum, moves back above the price level of 48.00 dollar per barrel.

The price of the gold is trading this morning a slight increase of 0.1%, further of the sequence of five positive nautical , and now is trading around the price level of 1,289 dollar per ounce.

After a series of declines that lasted several days, the Asian stock markets trading is at a positive trend this morning.

A mixed trend at the opening of the trading day on Wall Street:
The Nasdaq rises and also the stocks of Apple and Yahoo.

The future contracts on the leading indices in Wall Street are signaling on a decline of 0.4% at the start of the trading day.

Alibaba shares are rising by 2% in pre trading due to talks with new investors.

The open conference market of the Central Bank will start today in Washington to discuss the economic situation and tomorrow the Bank should publish his monetary update.
In light of the weak macroeconomic data in recent times, and when the issue of England stays or not in the Euro zone is still on the agenda, the Bank is not expected to change its interest rate policy in the current convergence.

EUR/JPY

As we can see on the daily chart, the main trend of the pair is a downtrend.
The pair has arrived to a support area, around the level of 119.00.

On an hour chart we can see that a double bottom pattern is created, and at the indicators RSI and MACD a bullish divergence is developing also, but this yet to be implemented.

We are waiting for a bullish pattern that will put into effect this divergence, part of a  technical upward correction.

For Forex traders:
Buy between the levels of : 118.85 – 119.15.
Stop loss point : 118.50.
Take profit point : 121.00.

For Binary options traders:
A call option between the levels of : 118.85 – 119.15.
Expiry time : June 14, the end of the trading day.

The consumer price index of the United Kingdom for May is 0.3%, the same as in the previous month, as when the expectations were for 0.4%.

The Bank of Japan is expected tomorrow to morning to announce the decision of the height of interest rates in June.
According to forecasts, the interest rate is expected to remain at minus 0.1%.

The trading on the Asian stock markets conducted this morning with declines, led by the Nikkei index who’s falling by more than 1%, in the shadow of the strengthening of the Japanese Yen.
This in light of the significant negative trend that characterized the world markets yesterday.