Weekly Top 5 Binary Options Analysis and Forecast 02/10-14/2014

The Must-Watch Top 5 Events of the Week

 

1. Speech of Fed Chairwoman Janet Yellen

02/11/2014 – Tuesday at 3:00 pm GMT 

 

What will it affect: USD, US stocks and indices

Forecast: no forecast is released 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: Janet Yellen, the new head of the Fed will testify before the House Financial Services Committee. The main focus will be the Semiannual Monetary Policy report. The text of the speech is released 90 minutes earlier and after she reads it, the Committee will ask questions and this part is the one that creates the biggest volatility.

 

Directional bias:  UP if Yellen has a hawkish attitude

                                 DOWN if Yellen has a dovish attitude

 

How I would trade this event: Direction will be highly influenced by her attitude and answers; a lot of sharp reversals can occur so I won’t be trading at the time.

 

 

 

2. Bank of England Inflation Report

02/12/2014 – Wednesday at 10:30 am GMT

 

What will it affect: GBP, FTSE

Forecast: no forecast is released for this type of event

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

 

Why traders care and what to expect: The report contains the Bank’s outlook on inflation and economic expectations for the next 2 years. BoE Governor Mark Carney will hold a press conference at the same time, discussing the report. As always, his attitude will be closely watched by investors and sharp moves are possible.

 

Directional bias: UP if the Report contains a positive outlook or the Governor has a hawkish attitude

                                 DOWN if the Report contains a negative outlook or the Governor has a dovish attitude.

 

How I would trade this event: I don’t trade at the time of such events because of potential irregular movement.

 

 

 

3. Speech of ECB President Mario Draghi

02/12/2014 – Wednesday at 3:30 pm GMT

 

What will it affect: EUR, DAX

Forecast: no forecast is released for this type of event

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

Why traders care and what to expect: The ECB and the National Bank of Belgium organize in Brussels a Conference titled “Progress through Crisis” and Mario Draghi will speak at this conference. His public speeches rarely go unnoticed by the market so this one has the potential to be a market mover as well.

 

Directional bias: UP if the president has a hawkish attitude

                                 DOWN if the president has a dovish attitude

 

How I would trade this event: I don’t trade at the time of such events. Once volatility is back to normal I will trade accordingly.

 

                                        

 

4. Australian Employment Change

02/13/2014 – Thursday at 12:30 am GMT

 

What will it affect: AUD, Australian stocks and indices

Forecast: 15.3K from the previous -22.6K

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

Why traders care and what to expect: This indicator is the main gauge of employment in Australia and usually has a huge impact on the market. Employed people spend more than unemployed ones so the indicator also offers hints about future consumer spending which represents a hefty part of the entire Australian economic activity.  

 

Directional bias:  UP the actual value is higher than 15.3K

                                  DOWN if the actual value is lower than 15.3K

 

How I would trade this event: I would buy an hourly Put on AUD/USD if the value will be lower than 10K.

 

 

 

5. United States Retail Sales

02/13/2014 – Thursday at 1:30 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 0.0% 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 make up for about one third of consumer spending which in turn represents about two thirds of the entire economic activity. The indicator is considered a significant market mover and its impact is almost always a huge one. Keep an eye on the Core version, released at the same time.

 

Directional bias: UP if the actual value is higher than 0.0%

                                 DOWN if the actual value is lower than 0.0%

 

How I would trade this event: I would place an hourly Call on USD/JPY if the value will be higher than 0.1%

 

 

_______________________________________________________________________________________

Follow Bogdan’s Trading  Events Live on CommuniTraders Social 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.

 

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)