Weekly Top 5 Binary Options Analysis and Forecasts 02/17-21/2014

The Must-Watch Top 5 Events of the Week

 

1. United Kingdom Consumer Price Index

02/18/2014 – Tuesday at 09:30 am GMT 

 

What will it affect: GBP, FTSE

Forecast: unchanged 2.0%

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

 

Why traders care and what to expect: The indicator shows the change in prices paid by consumers for the same basket of products, it is the main inflation gauge and it is used by the Bank of England when making decisions related to the Interest Rate. A CPI outside certain limits may determine the BoE to adjust rates.

 

Directional bias:  UP if the actual value is higher than 2.0%

                                 DOWN if the actual value is lower than 2.0%

 

How I would trade this event: I would buy a one hour Put on GBP/USD and one on GBP/JPY if the value will be at least slightly below 2.0%

 

 

 

2. German ZEW Economic Sentiment

02/18/2014 – Tuesday at 10:00 am GMT

 

What will it affect: EUR, DAX

Forecast: 61.3 from the previous 61.7

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

 

Why traders care and what to expect: This survey draws its importance from the fact that it is derived from the opinions of about 275 German institutional investors and professional analysts. They are asked to give their opinion on a 6 month outlook for the German economy which is the backbone of the entire Eurozone.

 

Directional bias: UP if the value is higher than 61.3

                                 DOWN if the value is lower than 61.3

 

How I would trade this event: I would buy an hourly Call on EUR/USD if the value will exceed 63.0.

 

 

 

3. FOMC Meeting Minutes

02/19/2014 – Wednesday at 7:00 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, DailyFX,

 

Why traders care and what to expect: The Federal Open Market Committee uses the Minutes to provide insights regarding the reasons that influenced their latest interest rate decision. It’s a detailed record of their latest Meeting and has the potential to influence the market strongly.

 

Directional bias: UP if the Minutes are more hawkish than expected

                                 DOWN if the Minutes are more dovish than expected

 

How I would trade this event: I don’t trade at the time of such events because irregular movements can occur.

 

                                        

 

4. US Consumer Price Index (year over year)

02/20/2014 – Thursday at 1:30 pm GMT

 

What will it affect: USD, US stocks and indices

Forecast: 1.6% from the previous 1.5%

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

 

Why traders care and what to expect: The Consumer Price Index is the main gauge of inflation and basically it shows the purchasing power of the US Dollar. Keep an eye on the CORE version of the indicator (released at the same time).  

 

Directional bias:  UP the actual value is higher than 1.6%

                                  DOWN if the actual value is lower than 1.6%

 

How I would trade this event: I would buy a four hour Put on EUR/USD if the value will be higher than 1.5%

 

 

 

5. United Kingdom Retail Sales

02/21/2014 – Friday at 09:30 am GMT

 

What will it affect: GBP, FTSE

Forecast: -0.9% from the previous 2.6%

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 represent the major part of consumer spending which is one of the most important parts of an economy. The indicator is considered a significant market mover and has a high impact almost always.

 

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 place an hourly Call on GBP/JPY if the value will be higher than 0.0%

 

 

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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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