BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 06/24-28/2013
The Must Watch Top 5 Events of the Week
1. US Durable Goods Orders
06/25/2013 – Tuesday at 12:30 pm GMT
What will it affect: USD, US Indices and some US stocks
Forecast: 3.0% from the previous of 3.5%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Goods with a live expectancy of at least 3 years are considered Durable Goods and are usually purchased by consumers in times when the economy is thriving and overall conditions are good. Such goods usually require a large investment from the buyer and an increase in purchases is often indicative of consumer confidence.
Directional bias: UP if the value is higher than 3.0%
DOWN if the value is lower than 3.0%
How I would trade this event: I would place a Put on EUR/USD if the value is at least 3.0%, relying also on the latest downtrend experienced by the pair.
2. US Consumer Confidence
06/25/2013 – Tuesday at 2:00 pm GMT
What will it affect: USD, US Indices and some US stocks
Forecast: 75.5 from the previous of 76.2
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Consumer confidence is one of the main determining factors of consumer spending. The survey measures confidence among consumers from the perspective of business conditions, employment level and personal income. The index is derived from on a large sample of about 5,000 households which are asked to rate the conditions I mentioned and this large sample also gives it more reliability.
Directional bias: UP if the actual value is above 75.5
DOWN if the actual value is below 75.5
How I would trade this event: I would buy an hourly Call on S&P 500 if the actual value is above 76.
3. Bank of England Financial Stability Report
06/26/2013 – Wednesday at 09:30 am GMT
What will it affect: GBP, FTSE
Forecast: no forecast is announced for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: The Bank of England will include in this report an assessment of the current financial system and of the factors that may determine financial instability. Through this report, the Bank also suggests ways to maintain stability and a safe financial environment.
Directional bias: UP if the Report is more hawkish than expected
DOWN if the Report is more dovish than expected
How I would trade this event: I would but an hourly Call on FTSE if the Report suggests future financial stability.
4. German Unemployment Change
06/27/2013 – Thursday at 07:55 am GMT
What will it affect: EUR, DAX
Forecast: 8K from the previous 21K
Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, DailyFX, Forex Factory
Why traders care and what to expect: The indicator measures the change in the number of unemployed people during the previous month (it does not show the total number of unemployed people). There is a high correlation between unemployment and consumer spending: a higher number of unemployed people is indicative of lower consumer spending which represents a main part of the economy. More than that, a bigger number of unemployed people is indicative of stalling or even contracting economy.
Directional bias: UP if the actual number is lower than 8K
DOWN if the actual number is higher than 8K
How I would trade this event: I would buy an hourly Call on DAX if the number will be lower than 5K.
5. Japan’s National CORE Consumer Price Index
06/27/2013 – Thursday at 11:30 pm GMT
What will it affect: JPY, Japanese indices
Forecast: 0.0% from the previous -0.4%
Where to keep an eye on the event: CommuniTraders, DailyFX, Bloomberg, Reuters, Forex Factory
Why traders care and what to expect: The Consumer Price Index is closely monitored by the Bank of Japan because it represents the main inflation gauge and an increase may determine an interest rate change. The CORE indicator excludes from calculation the “fresh food” sector because it is considered too volatile and it can potentially affect the accuracy of the overall indicator.
Directional bias: UP if the CPI value is higher than 0.0%
DOWN if the CPI value is lower than 0.0%
How I would trade this event: I would place an hourly Put on USD/JPY if the value is higher than 0.2%
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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.