BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 05/27-06/03/2013
The Must Watch Top 5 Events of the Week
1. United States CB Consumer Confidence
05/28/2013 – Tuesday at 2:00 pm GMT
What will it affect: USD, US Indices, some US Stocks
Forecast: 70.7 from the previous of 68.1
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The Conference Board’s survey regarding consumer confidence is based on a large sample of about 5,000 households which are asked to rate the current economic conditions. A higher level of confidence among consumers is indicative of a potential increase in future consumer spending and this kind of spending represents about two thirds of the entire US economy.
Directional bias: UP if the actual number is higher than 70.7
DOWN if the actual number is lower than 70.7
How I would trade this event: I would place an hourly Call on DJIA if the Consumer Confidence increased above 75.
2. The Speech of BoJ Governor Kuroda
05/29/2013 – Wednesday at 00:00 am GMT
What will it affect: JPY, Japanese indices
Forecast: no estimate is announced for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Bank of Japan Governor, Haruhiko Kuroda is going to speak at an International Conference called “The Financial Crisis and the International Financial System”. The conference is organized by Bank of Japan’s Institute for Monetary and Economic Studies and his speech will have a great impact on the currency and indices, just like almost all speeches of the heads of a country’s Central Bank.
Directional bias: UP if the Governor is hawkish
DOWN if the Governor is dovish
How I would trade this event: I will not trade during the speech. If a clear direction is established after the speech, I will trade accordingly.
3. German Preliminary Consumer Price Index
05/29/2013 – Wednesday at 12:00 pm GMT
What will it affect: EUR, DAX
Forecast: 0.2% from the previous of -0.5%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: There are two versions of the CPI, released about 15 days apart but this is the earliest data and tends to have the highest impact. A higher CPI means that consumers pay more as they did last month for the same product so it indicates a rise in inflation and this can eventually determine the ECB to raise interest rates
Directional bias: UP if the actual value is higher than 0.2%
DOWN if the actual value is lower than 0.2%
How I would trade this event: I would buy an hourly Put on EUR/USD if the value will be lower than 0.1%
4. Bank of Canada Interest Rate Decision
05/29/2013 – Wednesday at 2:00 pm GMT
What will it affect: CAD
Forecast: unchanged 1.00%
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: The Interest Rate is the primary tool the Bank of Canada uses in its attempt to maintain monetary stability. The Rate Statement that is released at the same time will contain important commentary about the economic conditions that influenced the Decision and hints about the future direction of the monetary policy.
Directional bias: UP if the Rate is increased or if the Rate Statement is hawkish
DOWN if the Rate is decreased or if the Rate Statement is dovish
How I would trade this event: I will not trade at the time of the release. If a clear direction is established afterwards, I will trade accordingly.
5. US Preliminary Gross Domestic Product
05/30/2013 – Thursday at 12:30 pm GMT
What will it affect: USD, US indices, some US Stocks
Forecast: unchanged 2.5%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The Gross Domestic Product is the primary gauge of an economy’s health. An increased value signifies an improvement in economic conditions while a lower than anticipated value shows an economic contraction. Although the main components of the GDP are known in advance and its value can be anticipated with a pretty high degree of accuracy, the indicator remains a major one, with deep implications in the market.
Directional bias: UP if the value is higher than 2.5%
DOWN if the value is lower than 2.5%
How I would trade this event: I would buy 15 minute Puts on EUR/USD and Calls on S&P 500 if the value is higher than 2.5%
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Note 1: The times, dates and values can change during the week. Keep an eye on the mentioned financial websites for any modifications.