The Weekly Top 5 Binary Options Trading Forecasts 06/16-20/2014

The Must Watch Top 5 Events of the Week

 

1. United Kingdom Consumer Price Index (year over year)

06/17/2014 – Tuesday at 08:30 am GMT 

 

What will it affect: GBP, FTSE

Forecast: 1.7% from the previous 1.8%

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

 

Why traders care and what to expect: This report shows the changes in prices for retail goods and services for the current year in comparison with a sampling done a year earlier. A higher reading indicates that it takes more Pounds to buy the same basket of basic consumer items that a typical British household might purchase. BOE is closely watching this report’s fluctuations as it weighs a lot in their interest rate decision, thus placing CPI into the must watch list of market movers.

 

Directional bias:  UP if the actual value is higher than 1.7%

                                 DOWN if the actual value is lower than 1.7%

 

How I would trade this event: I would buy an hourly Put on FTSE if the value will be lower than 1.7%

 

 

 

2. Bank of England’s MPC Meeting Minutes

06/18/2014 – Wednesday at 8:30 am GMT

 

What will it affect: GBP, FTSE

Forecast: 0 – 0 – 9

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

 

Why traders care and what to expect: Meeting Minutes are a very good way for all market participants to assess the Bank’s attitude regarding interest rates. A very important characteristic of MPC Meeting Minutes is the breakdown of votes which is in “increase – decrease – unchanged” format thus providing an in-depth view of what actually is happening inside the Monetary Policy Committee and what is the stance of each member.

 

Directional bias: UP if the Minutes contain positive expectations

                                 DOWN if the Minutes contain negative or stagnant expectations

 

How I would trade this event: I would buy a 30 minute Call on GBP/JPY if the Minutes will be hawkish.

 

 

 

3. US Federal Funds Rate

06/18/2014 – 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: We know that the US interest rate is not expected to change this year but this does not rule out the hype that surrounds this type of event. All eyes and ears will be focused of FOMC’s Statement and on the Q&A part of the Press Conference, which will be webcast live on Fed’s Ustream channel.

 

Directional bias: UP if the Rate is increased or the Statement is generally hawkish

                                   DOWN if the Rate is decreased or the Statement is 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)

06/18/2014 – Wednesday at 10:45 pm GMT

 

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

Forecast: 1.2% from the previous 0.9%

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 a broad measure of overall production and consumption of goods and services. This quarterly report is considered an important market mover because it is a primary indicator of New Zealand’s economic health.

 

Directional bias: UP if 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 place an hourly Call on NZD/USD if the value will be as expected or higher.

 

 

 

5. United Kingdom Retail Sales

06/19/2014 – Thursday at 8:30 am GMT

 

What will it affect: GBP, FTSE

Forecast: -0.5% from the previous 1.3%

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

 

Why traders care and what to expect: The report gathers data through a monthly survey of large retailers and a hefty part of smaller retail businesses, and it measures the changes in the volume of these retail sales made in UK. An increase seen on this report signifies higher consumer spending and consequently it shows economic growth.

 

Directional bias: UP if the actual value is higher than -0.5%

                                 DOWN if the actual value is lower than -0.5%

 

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

 

 

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Follow Bogdan’s Top Trading  Events Live on CommuniTraders Trading Platform!

 

 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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