Weekly Top 5 Binary Options Analysis 08/19-23/2013 – Must Watch Events

The Must Watch Top 5 Events of the Week

 

1. Meeting Reserve bank of Australia Monetary Policy Minutes

08/20/2013 – Tuesday at 01:30 am GMT

 

What will it affect: AUD

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: This is the primary tool used by the Reserve Bank of Australia for communicating the reasons behind the Interest Rate vote and the details of their latest Meeting. Sometimes the Minutes can also contain hints about future monetary direction or Rate changes.

 

Directional bias:  UP if the Minutes contain hawkish information

                                   DOWN if the Minutes contain dovish information.

 

How I would trade this event: I would buy hourly Calls on AUD/USD if the minutes are hawkish.

 

 

 

2. Federal Open Market Committee Meeting Minutes

08/21/2013 – Wednesday at 6:00 pm GMT

 

What will it affect: USD, US Stocks and indices

Forecast: no forecast is announced for this type of event

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

 

Why traders care and what to expect: It’s the main tool the Federal Open Market Committee (FOMC) uses to communicate with the public about monetary policy and fiscal matters. It contains details about the members’ votes on the Federal Funds Rate, economic outlook and most importantly, it can offer clues about future rate votes or stimulus package tapering.

 

Directional bias: UP if the Minutes contain hawkish information

                                   DOWN if the Minutes contain dovish information.

 

How I would trade this event: I would buy a four hour Put on EUR/USD if the Minutes are hawkish or contain important information about the stimulus.

 

 

 

3. German Manufacturing PMI

08/22/2013 – Thursday at 07:30 am GMT

 

What will it affect: EUR, DAX

Forecast: 51.1 from the previous 50.7

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

 

Why traders care and what to expect: The survey is based on the opinions of about 500 purchasing managers from the manufacturing sector who are asked to rate the current and future business conditions. Above 50 it suggests a thriving industry and values below this level indicate contraction. The data is given to Thomson Reuters subscribers 2 minutes early so the reaction may be seen before the numbers are released to the large public.

 

Directional bias: UP if the value is higher than 51.1

                                 DOWN if the value is lower than 51.1

 

How I would trade this event: I would buy a three 15 minute Puts and one hourly Put on EUR/USD if the value will be lower than anticipated.

 

 

 

4. United States Unemployment Claims

08/22/2013 – Thursday at 12:30 pm GMT

 

What will it affect: USD, US Stocks and Indices

Forecast: 322K from the previous 320K

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

 

Why traders care and what to expect: In times of economic expansion, jobs are easier to obtain and the opposite is valid for times of economic contraction. The labor market has a high influence over the market, especially during this period and less unemployment claims indicate the economy is recovering.

 

Directional bias: UP if the actual value is lower than 322K

                                 DOWN if the actual value is higher than 322K

 

How I would trade this event: I would buy Calls on USD/JPY if the number will be lower than 315K.

 

 

 

5. US New Home Sales

08/23/2013 – Friday at 2:00 pm GMT

 

What will it affect: USD, US Stocks and Indices

Forecast: 492K from the previous 497K

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

 

Why traders care and what to expect: Since the purchase of a house requires quite a big investment people usually make this purchase in times of an overall healthy economy. This is also a leading indicator of consumer spending because the purchase of a house generates additional expenditures like electronic equipment, furniture, insurances and possibly a mortgage.

 

Directional bias: UP if the value is higher than 492K

                                   DOWN if the value is lower than 492K

 

How I would trade this event: I would buy a four hour Put on DJIA if the value is lower than 485K

 

                 

 

 

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

 

Note : 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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