Forex Binary Options December 20-24

BinaryOptionsNow | Published on December 30, 2010 at 6:53 am

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Events effecting currencies provide opportunities for profiting using binary options. Here are potential setups for this week’s 11 events in forex binary options.

Binary options can be used on a variety of financial instruments, 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 PPI:  Published on Monday at 7:00 GMT. The market expects a figure of -+0.4%. A result of +0.1% or less, PUT option on EUR/USD. A result of  +0.9% or better – CALL option on EUR/USD.
  2. European Current Account: Monday, 9:00. Exp. -6.2 billion. -2 billion or better, CALL EUR/USD. -15 billion or lower, PUT EUR/USD.
  3. Canadian Wholesale Sales: Monday, 13:30. Exp. +0.8%. +1.8% or more, PUT USD/CAD. +0.1% or less, CALL USD/CAD.
  4. British GfK Consumer Confidence: Monday, 00:00. Exp. -21. -27 or less, PUT GBP/USD. -14 or more, CALL GBP/USD.
  5. New Zealand Current Account: Exp. -2.2 billion. -0.8 or higher, CALL NZD/USD. -3.3 or lower, PUT NZD/USD.
  6. Japanese Trade Balance: Tuesday, 23:50. Exp. 0.63 trillion. 0.9 trillion or more, PUT USD/JPY. 0.4 or less, CALL USD/JPY.
  7. US Final GDP: Wednesday, 13:30. Exp. 2.8%. 3.4% or more, CALL USD/JPY. 2.2% or less, PUT USD/JPY.
  8. New Zealand GDP: Exp. +0.1%. +0.5% or more, CALL NZD/USD. -0.1% or less, PUT NZD/USD.
  9. French Consumer Spending: Thursday, 7:45. Exp. +0.5%. 1.2% or more, CALL EUR/USD. 0.1% or less, PUT EUR/USD.
  10. British BBA Mortgage Approvals: Thursday, 9:30. Exp. 31.3K. 36K or more, CALL GBP/USD. 29K or less, PUT GBP/USD.
  11. US New Home Sales: Thursday, 15:00. Exp. 301K. 250K or less, PUT USD/JPY. 350K or more, CALL USD/JPY.

Content provided by: ForexCrunch

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