Forex Binary Options January 10-14

BinaryOptionsNow | Published on January 9, 2011 at 12:57 pm

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A busy weeks awaits forex traders, with many news events to rock currencies. These news events also provide excellent opportunities for trading one hour binary options on currencies. Here the setups for the upcoming week.

One hour binary options can be used for defending against false breakouts, as an alternative to the traditional stop loss and for news events of course. 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. New Zealand Trade Balance: Published on Sunday at 21:45 GMT. The markets expects a result of -151 million. A result of -400 or less, PUT option on NZD/USD. -50 million or better, CALL NZD/USD.
  2. French Industrial Production: Monday, 7:45. Exp. +0.8%. +1.7% or more, CALL EUR/USD. -1% or worse, PUT EUR/USD.
  3. British Halifax HPI: Monday, 8:00. Exp. -0.3%. +0.5% or more, CALL GBP/USD. -1% or less, PUT GBP/USD.
  4. Swiss Retail Sales: Monday, 8:15. Exp. +2.6%. +2.9% or more, PUT USD/CHF. +2.1% or less, CALL USD/CHF.
  5. Canadian Building Permits: Monday, 13:30. Exp. +0.9%. +5% or more, PUT USD/CAD. -3% or less, CALL USD/CAD.
  6. Australian Trade Balance: Tuesday, 00:30. Exp. 2.05 billion. 3 billion or more, CALL AUD/USD. 1 or less, PUT AUD/USD.
  7. Canadian Housing Starts. Tuesday, 12:15. Exp. 179K. 190K or more, PUT USD/CAD. 165K or less, CALL USD/CAD.
  8. British Nationwide Consumer Confidence: Wednesday, 00:00. Exp. 51 points. 60 or less, CALL GBP/USD. 42 or less, PUT GBP/USD.
  9. Australian Home Loans: Wednesday, 00:30. Exp. -0.9%. +1.5% or more, CALL AUD/USD. -2% or less, PUT AUD/USD.
  10. British Trade Balance: Wednesday, 9:30. Exp. -8.2 billion. -9 or less, PUT GBP/USD. -7.5 or more, CALL GBP/USD.
  11. European Industrial Production: Wednesday, 10:00. Exp. +0.5%. +%1 or more, CALL EUR/USD. -0.5% or less, PUT EUR/USD.
  12. Japanese Core Machinery Orders: Wednesday, 23:50. Exp. +2.2%. +5% or more, PUT USD/JPY. -2% or more, CALL USD/JPY.
  13. Australian Employment Change: Thursday, 00:30. Exp. +25.3K. 55K or more, CALL AUD/USD. 10K or less, PUT AUD/USD.
  14. British Manufacturing Production: Thursday, 9:30. Exp. +0.5%. +1.1% or more, CALL GBP/USD. +0.1% or less, PUT GBP/USD.
  15. Swiss PPI: Friday, 8:15. Exp. +0.4%. +0.8% or more, PUT USD/CHF. 0.1% or less, CALL USD/CHF.
  16. British PPI: Friday, 9:30. Exp. 1.6%. 2.3% or more, CALL GBP/USD. +0.5% or less, PUT GBP/USD.

These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

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