BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 07/08-12/2013

The Must Watch Top 5 Events of the Week

 

1. Speech of ECB President Mario Draghi

07/08/2013 – Monday at 12:30 (and at 1:30) pm GMT

 

What will it affect: EUR, DAX

Forecast: no forecast 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: The ECB President will deliver an introductory statement in front of the Committee on Economic and Monetary Affairs of the European Parliament. The event will take place in Brussels and it’s followed an hour later by another introductory statement at the Quarterly Hearing before the same Committee. We know that almost all his speeches create volatility, depending on Mario Draghi’s attitude and these two will probably have the same effect. 

  

Directional bias:  UP if the President has a hawkish attitude

                                   DOWN if the President has a dovish attitude

 

How I would trade this event: If the event generates strong movement, I will wait until the market settles down and then trade accordingly.

 

 

 

 

2. UK NIESR Gross Domestic Product Estimate

07/09/2013 – Tuesday at 2:00 pm GMT

 

What will it affect: GBP, FTSE

Forecast: the forecast is the event

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

 

Why traders care and what to expect: NIESR (National Institute of Economic and Social Research) estimates the Government data in an attempt to predict the value of the next GDP. Tuesday’s release does not come from the Government and it is unofficial but it usually shows a value very close to the official one. The previous value was 0.6% and higher numbers show economic expansion; the opposite is true for lower numbers.

 

Directional bias: UP if the actual value is higher than 0.6%

                                  DOWN if the actual value is lower than 0.6%

 

How I would trade this event: I would buy an hourly Put on GBP/USD if the value will be less than 0.8%

 

 

 

 

3. German Consumer Price Index

07/10/2013 – Wednesday at 06:00 am GMT

 

What will it affect: EUR, DAX

Forecast: unchanged, 1.8%

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

 

Why traders care and what to expect: The Consumer Price Index is the main gauge of inflation; a higher CPI indicates that inflation is rising and consumers pay more for the same product. A high inflation can determine the ECB to raise interest rates in an attempt to counter the effects. The German economy is the biggest in the European Union and it has the highest impact on the Euro.

 

Directional bias: UP if the value is higher than 1.8%

                                 DOWN if the value is lower than 1.8%

 

How I would trade this event: I would favor hourly Puts considering the major sell-off experienced by the EUR/USD pair but I will only place them if the value does not rise above 1.9%

 

 

 

 

4. FOMC Meeting Minutes

07/10/2013 – Wednesday at 6:00 pm GMT

 

What will it affect: USD, S&P500, DJIA

Forecast: no forecast is announced for this type of event

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

 

Why traders care and what to expect: The Meeting Minutes are the main tool the FOMC uses for communicating with investors and contain important insights regarding the reasons that influenced the latest interest rate vote. Later at 8:10 pm GMT, Fed Chairman Ben Bernanke will speak in Boston about the Economic Policy; the speech can generate volatility so I would recommend caution if trading at the time.

 

Directional bias: UP if the Minutes are more hawkish than expected

                                  DOWN if the Minutes are more hawkish than expected

 

How I would trade this event: I will wait for volatility to calm down before trading

 

 

 

 

5. Bank of Japan Interest Rate Decision and Press Conference

07/11/2013 – Thursday

 

What will it affect: JPY, Japanese indices

Forecast: no change anticipated 

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

 

Why traders care and what to expect: The exact time of the Rate announcement is not known at the moment but it will probably be released very early in the morning GMT (some sources have 03:00 am GMT listed as the time of the release). The Press Conference is scheduled for 06:30 am GMT and it is likely to be the main market mover. Governor Kuroda will speak at the Conference and his attitude will highly influence the Yen.

 

Directional bias: UP if the rate is increased of if the Governor has a hawkish attitude

                                  DOWN if the rate is decreased or if the Governor has a dovish attitude

 

How I would trade this event: I will wait for the market to settle down and then trade accordingly.

 

                 

 

 

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Keep Tracking of the Upcoming Binary Options Trading  Events on CommuniTraders Social Trading Platform!

                

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

 

 

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