The Weekly Top 5 Binary Options Trading Forecasts 05/26-30/2014

The Must Watch Top 5 Events of the Week

 

1. Switzerland Gross Domestic Product (year over year)

05/27/2014 – Tuesday at 5:45am GMT 

 

What will it affect: CHF, Swiss stocks

Forecast: 2.1% from previous 1.7%

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

 

Why traders care and what to expect: The GDP measures the total value of all goods and services produced inside Switzerland’s borders. Market participants carefully track the pace of GDP growth as they use it as a broad measure of Swiss economic activity and health.

 

Directional bias:  UP if the actual value is higher than 2.1%

                                 DOWN if the actual value is lower than 2.1%

 

How I would trade this event: I would buy a 15 minute Put on USD/CHF if the value will be higher than 2.1%.

 

 

 

2. US Core Durable Goods Orders

05/27/2014 – Tuesday at 12:30 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 0.2% from the previous 2.4%

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

 

Why traders care and what to expect: This core version of the indicator shows the change in new purchase orders placed with manufacturers for goods with a life expectancy of more than 3 years, excluding transportation items. Because Durable Goods Orders are sensitive to economic changes, Tuesday’s release is regarded as a leading indicator of consumer confidence and spending: an increase in orders signals optimism among consumers and economic health. Also, more orders suggest that producers will increase their activity to fill them.

 

Directional bias:  UP 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 a four hour Put on S&P 500 if the value will be as expected or even lower.

 

 

 

3. ECB President Draghi Speaks

05/27/2014 – Tuesday at 3:00 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, DailyFX, Bloomberg, Reuters

 

Why traders care and what to expect: European Central Bank Forum on Central Banking held in Portugal is a panel discussion in which government officials, central bank governors, academics, specialized journalists and high-level financial market representatives are offered the unique opportunity to exchange views on current monetary policy issues. In the third and last day of this annual event, Mario Draghi will deliver his closing remarks and his attitude and speech will be carefully dissected by all market participants, a fact which will probably create volatility in the market.

 

Directional bias: UP if the President’s attitude is hawkish

                                  DOWN if the President’s attitude is dovish

 

How I would trade this event: I will trade after the event is over if a clear direction is in place.

 

 

 

4. US Gross Domestic Product (quarter over quarter)

05/29/2014 – Thursday at 12:30 pm GMT

 

What will it affect: US, US stocks and indices

Forecast:-0.6% from the previous 0.1%

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

 

Why traders care and what to expect: As mentioned above, the GDP shows the change in the value of all goods and services produced inside a country and it is considered an economy main performance gauge. If we see an increase in GDP’s figure then that might signal an economy improvement and thus the dollar could strengthen.

 

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 place an hourly Put on USD/JPY if the value will be lower than -0.6%

 

 

 

5. Canada Gross Domestic Product

05/30/2014 – Friday at 12:30 pm GMT 

 

What will it affect: CAD, Canada stocks and indices

Forecast: 0.1% from previous 0.2%

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

 

Why traders care and what to expect: As we talked before, the Gross Domestic Product is an economy’s prime measurement of performance and the Canadian economy is no exception. A higher GDP value suggests a thriving economy and potentially a stronger Canadian Dollar while the opposite is true for a lower value.

 

Directional bias:  UP if the actual value is higher than 0.1%

                                 DOWN if the actual value is lower than 0.1%

 

How I would trade this event: I would buy an hourly Put on USD/CAD if the value will be higher than 0.2%.

 

 

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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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