The Weekly Top 5 Binary Options Trading Forecasts 03/17-23/2014

The Must Watch Top 5 Events of the Week

 

1. German ZEW Economic Sentiment

03/18/2014 – Tuesday at 10:00 am GMT

 

What will it affect: EUR, DAX

Forecast: 52.8 from the previous 55.7

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

 

Why traders care and what to expect: For this survey, professional investors and analysts are asked to evaluate the current economic situation and also state their view regarding future market direction. Due to their jobs, they are better informed than regular market participants so their opinion is more reliable.

 

Directional bias: UP if the actual number is higher than 52.8

                                 DOWN if the actual number is lower than 52.8

 

How I would trade this event: I would buy an hourly Put on EUR/USD if the actual value will be lower than 52.

 

 

 

2. US Consumer Price Index (year over year)

03/18/2014 – Tuesday at 12:30 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 1.2% from the previous 1.6%

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

 

Why traders care and what to expect: The Consumer Price Index shows changes in the cost of living and reflects the purchasing power of the US Dollar, thus being the main gauge of inflation. Traders should be aware of on the CORE version of the indicator, released at the same time. 

 

Directional bias:  UP the actual value is higher than 1.2%

                                  DOWN if the actual value is lower than 1.2%

 

How I would trade this event: I would buy a four hour Call on USD/JPY if the value will be higher than 1.5%

                     

            

       

3. US Federal Funds Rate

03/19/2014 – Wednesday at 6:00 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: unchanged from the current 0.25%

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

 

Why traders care and what to expect: Along with the Federal Rate other events will be released, such as: FOMC Economic Projections (containing the outlook for the next 2 years), FOMC Statement (containing the reasons behind the votes) and half an hour later, Fed Chairman Janet Yellen speaks and answers questions at the Press Conference. The Fed will also decide if further tapering of the monetary stimulus program is necessary and all these events will probably generate high volatility so I recommend caution if trading at that time.

 

Directional bias: UP if the Rate is increased or the other events are generally hawkish

                                   DOWN if the Rate is decreased or the other events are generally dovish

 

How I would trade this event: I would trade only after the events are over and a clear direction is established.

 

 

 

4. New Zealand GDP (quarter over quarter)

03/19/2014 – Wednesday at 9:45 pm GMT

 

What will it affect: NZD, New Zealand stocks and indices

Forecast: 0.9% from the previous 1.4%

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

 

Why traders care and what to expect: The Gross Domestic Product is an economy’s main performance gauge. Although GDP’s value is predicted with increased accuracy because most of its components are released previously, it still remains a potential market mover and a high impact event.

 

Directional bias: UP if the actual value is higher than 0.9%

                                 DOWN if the actual value is lower than 0.9%

 

How I would trade this event: I would place an hourly Put on NZD/USD if the value will be lower than expected.

 

 

 

5. Philly Fed Manufacturing Index

03/20/2014 – Thursday at 2:00 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 4.2 from the previous -6.3

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

 

Why traders care and what to expect: This is a leading indicator of economic activity which is focused on the Philadelphia district and is derived from the opinions of about 250 manufacturers. Higher values for the indicator suggest that productivity levels may rise in the future and business conditions are improving.

 

Directional bias: UP if the actual value is higher than 4.2

                                  DOWN if the actual value is lower than 4.2

 

How I would trade this event: I would buy an hourly Call on S&P 500 value will meet expectations or surpass them.

 

 

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

 

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