BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 06/10-14/10/2013

The Must Watch Top 5 Events of the Week

 

1. German Constitutional Court Ruling

Tuesday or Wednesday (June 11-12)

 

What will it affect: EUR, DAX

Forecast: no estimate is made for this event

Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX

 

Why traders care and what to expect: The German Constitutional Court will announce a ruling regarding the constitutionality of the Outright Monetary Transactions policy of the ECB. The effect of this ruling can be mixed and unexpected because it is not a regular financial or economic indicator. Jurisdiction issues prevent the decision of the German Constitutional Court to influence the entire Euro Zone but this event may start a showdown between Germany and the ECB a fact which will be highly detrimental to the Euro.

 

Directional bias:  UP if the Court considers the OMT constitutional

                                   DOWN if the Court considers the OMT unconstitutional

 

How I would trade this event: This event may be interpreted very differently by each market participant and it might generate massive movement or it could be overlooked. I will make a decision regarding trading once the Court announces its ruling and I see the market’s reaction.

 

 

 

2. UK Manufacturing Production

06/11/2013 – Tuesday at 08:30 am GMT

 

What will it affect: GBP, FTSE

Forecast: 0.0% from the previous of 1.1%

Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX

 

Why traders care and what to expect: The Manufacturing sector makes up for about 80% of all Industrial production of the UK economy and that makes the release of this indicator highly important for market participants. It’s a leading indicator of economic health and it’s correlated with consumer spending, employment and earnings. High production levels are indicative of increased economic activity, more jobs and consequently more money to spend by consumers.

 

Directional bias: UP if the actual value is above 0.0%

                                  DOWN if the actual value is below 0.0%

 

How I would trade this event: I would buy an hourly Call on GBP/USD and one on FTSE if the value will be higher than 0.2%.

 

 

 

3. United States Retail Sales

06/13/2013 – Thursday at 12:30 pm GMT

 

What will it affect: USD, US indices, some US Stocks

Forecast: 0.4% from the previous of 0.1%

Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters

 

Why traders care and what to expect: This indicator measures the monthly change in sales at a retail level. Consumer spending is a vital part of the US economy, making up for about 2/3 of all activity. The retail sector represents one third of all consumer spending and that makes this indicator a high-impact one.

 

Directional bias: UP if the actual value is above 0.4%

                                 DOWN if the actual value is below 0.4%

 

How I would trade this event: I would but a Call on USD/JPY if the value will be better than anticipated.

 

 

 

4. Euro Zone Consumer Price Index

06/14/2013 – Friday at 09:00 am GMT

 

What will it affect: EUR, DAX

Forecast: 1.4%

Where to keep an eye on the event: CommuniTraders, DailyFX, Bloomberg, Reuters

 

Why traders care and what to expect: The Consumer Price Index is the main gauge for consumer inflation. Higher values are indicative of growing inflation and this can determine the ECB to raise interest rates in order to counter it. The ECB’s goal is to maintain the CPI between 0% and 2%. Any value outside that range can trigger a rate adjustment.

 

Directional bias: UP if the actual value is above 1.4%

                                  DOWN if the actual value is below 1.4%

 

How I would trade this event: I would buy a Call on EUR/USD if the value is 1.4% or higher.

 

 

 

5. US University of Michigan Consumer Confidence

06/14/2013 – Friday at 1:55 pm GMT

 

What will it affect: USD, US indices, some US Stocks

Forecast: unchanged, 84.5 

Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, DailyFX

 

Why traders care and what to expect: This indicator is derived from the opinions of hundreds of customers and it is considered the main gauge for consumer sentiment. A decline is usually indicative of a future decrease in consumer spending and as we saw above, consumer spending represents about two thirds of the entire economic activity. So, the correlation between consumer confidence and consumer spending makes this indicator a high impact one.

 

Directional bias: UP if the value is higher than 84.5

                                  DOWN if the value is lower than 84.5

 

How I would trade this event: I would buy a Call on S&P 500 if the value will be higher than 85

 

 

 

Note 1: The times, dates and values can change during the week. Keep an eye on the mentioned financial websites for any modifications.

Note 2: Other important events of the week: Bank of Japan’s interest rate decision announced on the 11th of June (early morning GMT) and the New Zealand interest rate decision announced on the 12th of June at 9:00 pm GMT.

 

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