(From Forexcrunch.Com, By Yohay)
There are quite a few news events from all over the world that provide opportunities for trading forex binary options. Here are the potential setups for binary options.
Binary options aren’t only for forex trading, but can be sure used for profiting on significant news events, protecting against false breakouts, for hedging and as an alternative to the traditional stop loss order. With more limits on regular forex trading, binary options can a great option. Let’s start: Forex and other binary options can be used at StartOptions, a respected provider which I’m working with. The data for these news events is based on information already collected for the weekly outlooks available on the site, and the potential reactions to results which are significantly unexpected by the consensus of economists. Some events collide with each other and could offset each other. So, these events aren’t in the list. Quick explanation: CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. If it closes below, you’re left with 10%. PUT options – if the price closes under the price you purchased at expiry time, you make 75%. If it closes above, you’re left with 10%. Let’s review the events. All times are GMT.
1. German Gfk Consumer Climate: Tuesday, 7:00. Market expectations currently stand on 5.1 points. A result of 5.5 or higher, CALL option on EUR/USD. A result of 4.6 or lower PUT option on EUR/USD.
2. British BBA Mortgage Approvals: Tuesday, 9:30. Exp. 31.3K. 35K or higher, CALL GBP/USD. 29.8K or lower, PUT GBP/USD.
3. US GDP: Tuesday, 13:30. Exp. 2.3%. 2.6% or higher, CALL USD/JPY. 1.9% or lower, PUT USD/JPY.
4. US Existing Home Sales: Tuesday, 15:00. Exp. 4.5 million. 4.7 or higher, CALL USD/JPY. 3.9 or lower, PUT USD/JPY.
5. German Ifo Business Climate: Wednesday, 9:00. Exp. 107.7. 108 or higher, CALL EUR/USD. 105 or lower, PUT EUR/USD.
6. European Industrial New Orders: Wednesday, 10:00. Exp. -2.7%. +0.1% or higher, CALL EUR/USD. -4.3% or lower, PUT EUR/USD.
7. Belgian NBB Business Climate: Wednesday, 14:00. Exp. -2.7. -2.1 or higher, CALL EUR/USD. -3.2 or lower, PUT EUR/USD.
8. US New Home Sales: Wednesday, 15:00. Exp. 312K. 360K or higher, CALL USD/JPY. -270K or lower, PUT USD/JPY.
9. Australian Private Capital Expenditure: Thursday, 00:30. Exp. 3.3%. 5% or higher, CALL AUD/USD. 1% or lower, PUT AUD/USD.
10. Swiss Employment Level: Thursday, 8:15. Exp. 3.98 million. 4.05 or higher, PUT USD/CHF. 3.92 or lower, CALL USD/CHF.
11. British CBI Realized Sales: Thursday, 11:00. Exp. 35 points. 45 or higher CALL GBP/USD. 31 or lower, PUT GBP/USD.
12. Japanese Tokyo Core CPI: Thursday, 23:30. Exp. -0.4%. -0.2% or higher, PUT USD/JPY. -0.8% or lower, CALL USD/JPY.
13. French Consumer Spending: Friday, 7:45. Exp. +0.2%. +1% or higher, CALL EUR/USD. -0.3% or lower, PUT EUR/USD.
14. Swiss KOF Economic Barometer: Friday, 10:30. Exp. 2.09 points. 2.17 or higher, PUT USD/CHF. 1.98 or lower CALL USD/CHF. These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.
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