Weekly Top 5 Binary Options Trading Market Moves 2/18-25/2013

The Must Watch Top 5 Events of the Week

 

 

1. ECB President Mario Draghi speaks

 02/18/2013 – Monday at 2:30 pm GMT

 

What will it affect: EURO

Forecast: No forecast is made for this type of event

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

 

Why traders care and what to expect: The ECB President is due to testify in front of the Economic and Monetary Committee of the European Parliament, in Brussels Almost always his public speeches create volatility in the market and sudden moves.

 

Directional bias:  UP if the President is hawkish

                                    DOWN if the President is dovish

 

How I would trade this event: The EUR/USD pair is close to an important confluence zone created by an uptrend line (starting July 24 2012) and 1.3270 level. I would wait for clear indications of a break of that zone or bounce from it and trade accordingly.

 

 

 

2. Reserve Bank of Australia Monetary Policy Meeting Minutes

02/19/2013 – Tuesday at 00:30 am GMT

 

 

What will it affect: AUD

Forecast: No forecast is made for this type of event

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

 

Why traders care and what to expect: The Meeting Minutes contain in depth explanations and insights about the reasons that influenced the Reserve Bank of Australia to keep the interest rate unchanged. The report can also contain hints about future monetary developments.   

 

Directional bias: UP if there are indications of future rate increase and overall hawkish attitude.

                                  DOWN if there are indications of future rate decrease and overall dovish attitude.

 

How I would trade this event: If at the time of the event no extreme volatility is created, I would follow my normal strategy and trade according to it, but if abnormal moves occur, I will stop trading until things calm down.

 

 

 

3. German ZEW Economic Sentiment Survey

02/19/2013 – Tuesday at 10:00 am GMT

 

 

What will it affect: EUR, DAX

Forecast: 35 from a previous of 31.5

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

 

Why traders care and what to expect: For this survey, about 275 financial analysts and professional investors are asked to make a medium term forecast regarding Germany’s economy. Over time it has become a highly respected indicator and better than expected numbers are beneficial for the German economy.   

 

Directional bias: UP if the actual value will be higher than 35

                                  DOWN if the actual value will be lower than 35

 

How I would trade this event: I would buy a 15 minute Put on EUR/USD if the value will be lower than 20 and a Call if the value will be above 50.

 

 

 

4. US Producer Price Index

02/20/2013 – Wednesday at 1:30 pm GMT

 

 

What will it affect: S&P 500, DOW JONES

Forecast: 0.4% from the previous -0.3%

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

 

Why traders care and what to expect: The PPI shows the change in prices charged by producers for their products. It is a leading indicator of inflation because higher producer prices will eventually be paid by the consumers. Higher Producer prices can also bring short time increased profitability for companies from the production sector. 

 

Directional bias: UP if the actual change is above 0.4%

                                  DOWN if the if actual change is below 0.4%

 

How I would trade this event: I would buy an hourly Put on S&P 500 if the actual value will be negative.

 

 

 

 

5. US Existing Home Sales

02/21/2013 – Thursday at 3:00 pm GMT

 

What will it affect: USD

Forecast: 4.91M from a previous of 4.94M

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

 

Why traders care and what to expect: The housing sector is an important part of the US economy and a good indicator of its health because more houses are purchased in times of economic growth. Also, the purchase of a new house triggers other expenses like furniture, electric and electronic equipments and probably a mortgage.

 

Directional bias: UP if the actual value is higher than 4.91M

                                  DOWN if the actual value is lower than 4.91M

 

How I would trade this event: I would buy an hourly Put on EUR/USD if the number will be higher than 5M.

 

 

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Keep Tracking of the Upcoming Binary Options Trading  Events and discuss their Outcome with Bogdan and Friends on our Forum!

 

 

***Note: The exact time, date and value for the release of the Earnings reports may change or it is not announced at the moment. It is possible that the date will be updated as well. Keep an eye on the mentioned financial websites for the actual release.

 

 

 

 

 

 

 

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