Forex Binary Options January 3-7

BinaryOptionsNow | Published on January 3, 2011 at 6:13 am

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The new year brings many news events that provide excellent opportunities for trading forex binary options. Here are the potential setups for this week.

One hour binary options are useful for trading news events on currency pairs as well as other instruments. They can also be utilized for defending against false breakouts, and as an alternative to the traditional stop loss. 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. Swiss SVME PMI: Published on Monday, at 8:30 GMT. The market expects a score of 62.1 points. If the actual result is 64 points or more, PUT option on USD/CHF.  If the actual result is 58 points or less, CALL option on USD/CHF.
  2. US ISM Manufacturing PMI: Monday, 15:00. Exp. 57.1 points. 59 or more, CALL USD/JPY. 52 or less, PUT USD/JPY.
  3. German Unemployment Change: Tuesday, 8:55. Exp. -14K. -25K or less, CALL EUR/USD. -3K or more, PUT EUR/USD.
  4. British Manufacturing PMI: Tuesday, 9:30. Exp. 57.5 points. 59 or more, CALL GBP/USD. 55 or less, PUT GBP/USD.
  5. European CPI Flash Estimate: Tuesday, 10:00. Exp. 2%. 2.2% or more, CALL EUR/USD. 1.8% or less, PUT EUR/USD.
  6. US Factory Orders: Tuesday, 15:00. Exp. -0.1%. -0.5% or less, PUT USD/JPY. +0.3% or more, CALL USD/JPY.
  7. British Construction PMI: Wednesday, 9:30. Exp. 51.2 points. 53 or more CALL GBP/USD. 49.9 or less, PUT GBP/USD.
  8. European Industrial New Orders: Wednesday, 10:00. Exp. +1.6%. 2.5% or higher, CALL EUR/USD. 0.4% or lower, PUT EUR/USD.
  9. US ADP Non-Farm Employment Change:  Wednesday, 13:15. Exp. 101K. 130K or higher, CALL USD/JPY. 80K or less, PUT USD/JPY.
  10. US ISM Non-Manufacturing PMI: Wednesday, 15:00. Exp. 55.6 points. 57 or more, CALL USD/JPY. 53 or less, PUT USD/JPY.
  11. Swiss CPI: Thursday, 8:15. Exp. -0.2%. +0.4% or more, PUT USD/CHF. -0.5%, CALL USD/CHF.
  12. British Services PMI: Thursday, 9:30. Exp. 52.9 points. 55 or more, CALL GBP/USD. 49.9 or less, PUT GBP/USD.
  13. European German Factory Orders: Thursday, 11:00. Exp. +1.1%. 1.9% or more, CALL EUR/USD. 0.4% or less, PUT EUR/USD.
  14. US Unemployment Claims: Thursday, 13:30. Exp. 400K. 430K or higher, PUT USD/JPY. 365K or less, CALL USD/JPY.
  15. Canadian Ivey PMI: Thursday, 15:00. Exp. 52.7 points. 57 or more, PUT USD/CAD. 49.9 or less, CALL USD/CAD.
  16. German Retail Sales: Friday, 7:00. Exp. +1.1%. 2.3% or more, CALL EUR/USD. 0.1% or less, PUT EUR/USD.
  17. European Unemployment Rate: Friday, 10:00. Exp. 10.1%. 10.3% or more, PUT EUR/USD. 9.7% or less, CALL EUR/USD.
  18. Canadian Employment Change: Friday, 12:00. Exp. +20.3K. +35K or more, PUT USD/CAD. +10K or less, CALL USD/CAD.

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

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