Weekly Top 5 Binary Options Analysis and Forecast 12/23-27/2013

The Must-Watch Top 5 Events of the Week

 

1. Canada’s Gross Domestic Product

12/23/2013 – Monday at 1:30 pm GMT 

 

What will it affect: CAD, Canadian stocks and indices

Forecast: 0.1% from previous 0.3%

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

 

Why traders care and what to expect: Since the Gross Domestic Product is the main gauge of an economy’s performance, higher values suggest a thriving economy and usually a stronger currency. Of course, lower values indicate decreased economic activity and may weaken the Canadian Dollar.

 

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 trade hourly Puts on USD/CAD if the value is at least 0.2%

 

 

 

2. US CORE Durable Goods Orders

12/24/2013 – Tuesday at 1:30 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 0.9% from the previous 0.4%

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

Why traders care and what to expect: Goods with a life expectancy of at least three years are considered “durable” and usually this type of goods require a larger investment from the buyer.  A growth in orders for durable goods suggests increased consumer confidence and good economic conditions. The CORE version of the indicator excludes transportation items from the calculation.

 

Directional bias: UP if the actual value is higher than 0.9%

                                 DOWN if the actual value is lower than 0.9%

 

How I would trade this event: I would buy a four hour Put on EUR/USD if the value will be at least 0.8%.

 

 

 

3. US New Home Sales

12/24/2013 – Tuesday at 3:00 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 449K from the previous 444K

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

 

Why traders care and what to expect: The indicator offers hints about the economy’s health as increased home sales suggest that more people are confident and consider they can afford a house purchase. Additional spending is also triggered by a house purchase (electric/electronic appliances, furniture, etc.).

 

Directional bias: UP if the number is higher than 449K

                                  DOWN if the number is lower than 449K   

               

How I would trade this event: I would place an hourly Call on USD/JPY if the value will meet expectations.

 

                                       

 

4. Christmas is Here

12/25/2013 – Wednesday

 

What will it affect: The whole market

Forecast: A Holy baby is born

Where to keep an eye on the event: Wherever your loved ones are

 

Why traders care and what to expect: This economic indicator… ah, forget about that. Forget about trading for a while.     

 

Directional bias: If it snows, the snowflakes will have a bearish directional bias. The market will have no direction.

 

How I would trade this event: I will trade non-expiring Calls on happy thoughts.

 

 

 

5. US Unemployment Claims 

12/26/2013 – Thursday at 1:30 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 382K from the previous 379K

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

 

Why traders care and what to expect: Unemployment numbers are closely watched by US policy makers in order to gauge the economy’s performance. Lower numbers of unemployed people suggest a healthy economy and potentially a stronger greenback.

 

Directional bias:  UP the actual number is lower than 382K

                                  DOWN if the actual number is higher than 382K

 

How I would trade this event: I would buy a four hour call on EUR/USD if the number will be higher than expected.

 

 

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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. Also, different sources sometimes show different values. Keep an eye on the mentioned financial websites for any modifications.

Note 2: The market will probably have irregular movement for the entire week due to winter holidays. The events mentioned will have mixed and/or hard to predict impact.

 

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