Weekly Top 5 Binary Options Must Watch Events 07/29-08/04/2013

BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves

 

1. United States Advance Gross Domestic Product

07/31/2013 – Wednesday at 12:30 pm GMT

 

What will it affect: USD, US indices and stocks

Forecast: 1.0% from the previous 1.8%      

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

 

Why traders care and what to expect: The Gross Domestic Product is one of United States’ most important gauges for economic health and overall goods and services output. Usually the value is approximated with pretty high accuracy because most of the GDP components are known in advance but this does not make the actual release less important. A higher GDP suggests economic improvement while a lower one indicates that economy is contracting.  

 

Directional bias:  UP if the actual value is above 1.0%

                                   DOWN if the actual value is below 1.0%

 

How I would trade this event: I would buy a four hour Call on EUR/USD if the actual value is lower than 1.0%.

 

 

 

2. United States Rate Decision and FOMC Statement

07/31/2013 – Wednesday at 6:00 pm GMT

 

What will it affect: USD, US Stocks and indices

Forecast: unchanged 0.25%

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

 

Why traders care and what to expect: Almost every time when an Interest Rate is not changed, the actual rate decision tends to have a lower impact than the Federal Open Market Committee Statement that is issued at the same time. The statement contains details about the reasons that influenced the rate vote and more important, an economic outlook and possibly hints about future monetary direction.

 

Directional bias: UP if the Rate is increased or if the FOMC Statement contains a hawkish outlook

                                 Down if the Rate is decreased or if the FOMC Statement contains a dovish outlook

 

How I would trade this event: I would wait until volatility subsides and a clear direction is established.

 

 

 

3. UK Official Bank Rate and Asset Purchase Facility

08/01/2013 – Thursday at 11:00 am GMT

 

What will it affect: GBP, FTSE

Forecast: unchanged 0.50%; APF also unchanged: 375B

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

Why traders care and what to expect: The Rate is not expected to change but the event will create volatility nonetheless. The Asset Purchase Facility represents the amount of money the Bank of England creates in order to stabilize the currency by purchasing assets in the open market. A larger sum is usually perceived bearish by market participants.

 

Directional bias: UP if the Rate is increased or the APF is decreased

                                 DOWN if the Rate is decreased or the APF is increased

 

How I would trade this event: I will not trade at the time of the release.

 

 

 

4. ECB Interest Rate Decision and Press Conference

08/01/2013 – Thursday at 11:45 am GMT (Press Conference: 12:30 pm GMT)

 

What will it affect: Euro, Dax

Forecast: unchanged 0.50%

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

 

Why traders care and what to expect: Although the Rate decision creates decent volatility, Mario Draghi’s (ECB President) speech at that Press Conference is the main market mover. Investors and traders around the world try to interpret his words and attitude, but they often fail at doing it correctly and this generates sharp reversals and whipsaws. Caution is recommended if trading at the time.

 

Directional bias: UP if the Rate is increased or if Mario Draghi has a hawkish attitude

                                  DOWN if the Rate is decreased or if Mario Draghi has a dovish attitude

 

How I would trade this event: I do not trade until the Press Conference is over.

 

 

 

5. US Non Farm Payrolls

08/02/2013 – Friday at 12:30 pm GMT

 

What will it affect: USD, US indices and stocks

Forecast: 185K from the previous 195K

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

 

Why traders care and what to expect: This is the most important job related indicator that the US releases and almost always the market reacts strongly. A higher number is indicative of a thriving economy where people find jobs more easily and the opposite is valid for a lower number. Employment is also highly correlated with consumer spending which is a major part of the US economy.

 

 

Directional bias: UP if the actual number will be bigger than 185K    

DOWN if the actual number will be smaller than 185K

 

How I would trade this event: I would buy a Put on EUR/USD if the value will be higher than 190K

 

                 

 

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

Note 1: 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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