Weekly Top 5 Binary Options Analysis 09/09-13/2013 – Must Watch Events

The Must Watch Top 5 Events of the Week

 

1. UK Claimant Count Change

09/11/2013 – Wednesday at 08:30 am GMT

 

What will it affect: GBP, FTSE

Forecast: -21.2K from previous -29.2K

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

 

Why traders care and what to expect: The indicator measures the change in unemployed people who are looking for social help. A higher number of unemployed people suggests the economy is contracting and jobs are not as easily available. A contracting or stalling economy weakens the currency of the country.

 

Directional bias:  UP if the number is lower than -21.2K

                                  DOWN if the number is higher than -21.2K   

                           

How I would trade this event: I would buy a Put on GBP/JPY if the actual number is higher than -20K.

 

 

 

2. RNBZ Rate Statement

09/11/2013 – Wednesday at 09:00 pm GMT

 

What will it affect: NZD

Forecast: no forecast is announced for this type of event

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

 

Why traders care and what to expect: The Rate Statement follows the Reserve Bank of New Zealand Interest Rate decision and usually overshadows it. The Rate is not expected to change (2.50%) and the Statement focuses more on future monetary direction and often contains hints about this matter (that’s why traders pay more attention to it). There will be a Press Conference at the same time which will also generate volatility.

 

Directional bias:  UP if the Statement contains a positive outlook

                                  DOWN if the Statement contains a negative outlook

 

How I would trade this event: I would trade only after the initial volatility settles down and a clear direction emerges.

 

 

 

3. ECB Monthly Bulletin

09/12/2013 – Thursday at 08:00 am 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, Bloomberg, Reuters, Forex Factory, Daily FX

 

Why traders care and what to expect: The Bulletin shows the statistical data that was used by the European Central Bank when they made their latest Interest Rate decision. It also contains a detailed analysis of future economic conditions. This has a high impact on investors’ sentiment and can determine the Euro’s next direction.  

 

Directional bias: UP if the Bulletin contains a hawkish outlook

                                   DOWN if the Bulletin contains a dovish outlook

 

How I would trade this event: I would buy hourly Puts on EUR/USD if the Bulletin is not extremely hawkish.

 

 

 

4. Bank of England Inflation Report Hearings

09/12/2013 – Thursday at 09:00 am GMT

 

What will it affect: GBP, FTSE

Forecast: no forecast is announced for this type of event

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

 

Why traders care and what to expect: Governor Mark Carney and members of the Monetary Policy Committee will testify before the Parliament’s Treasury Committee regarding inflation and economic outlook. Their attitude and answers will create volatility and possibly sharp market turns.

 

Directional bias: UP if the Governor and MPC members have a hawkish attitude

                                  DOWN if the Governor and MPC members have a dovish attitude

 

How I would trade this event: I don’t trade at the time of such events

 

 

 

5. US Retail Sales

9/13/2013 – Friday at 12:30 pm GMT

 

What will it affect: USD, US Stocks and Indices

Forecast: 0.5% from the previous 0.2%

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

 

Why traders care and what to expect: Sales made at a retail level are crucial for the US economy and this indicator is the primary gauge of consumer spending. Higher numbers suggest a good overall economic environment and increased confidence among consumers. Keep in mind that consumer spending accounts for more than two thirds of all US economic activity.

 

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 buy 15 minute Puts in sequence on EUR/USD if the value will be at least 0.5%

                 

 

 

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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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