Binary Option Setups: Week of September 12th – 16th

BinaryOptionsNow | Published on September 11, 2011 at 7:56 am

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In the wake of US President Barack Obama’s speech about a new job stimulus package in Congress on Thursday, September 8th, and the euro’s collapse against the US dollar on Friday, the financial markets should fluctuate in relation to the following economic events set to occur this week.

One way to take advantage of market volatility is to trade underlying assets such as stocks, forex, indices and commodities using binary options.

 

Potential Binary Option Setups

Here is a list of economic events that could provide the right conditions for a lucrative binary option investment to finish in-the-money this week:

 

1. French Consumer Price Index (CPI) (Monthly) – Tuesday, September 13th 05:30 GMT – The French Consumer Price Index measures the changes in the price of goods and services. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in France. It is released by the French National Institute for Statistics and Economic Studies (Insee).

A higher than expected reading should be taken as bullish for the EUR, while a lower than expected reading should be taken as bearish for the Single currency.

The previous figure released on August 12th was -0.4% which was quite negative since the previous forecast was for -0.3%. The forecast this month is 0.3%.

 

2. UK Claimant Count Change (Monthly) – Wednesday, September 14th, 8:30 A.M. GMT – The UK Claimant Count Change measures the change in the number of unemployed people in the UK during the given month. It is released by the Office for National Statistics.

A higher than expected reading should be taken as bearish for the GBP, while a lower than expected reading should be taken as bullish for the Pound.

The previous figure released on August 17th was 37.1K which was quite negative since the previous forecast was for 20.0K. The forecast this month is 32.0K.

 

3. US Retail Sales (Monthly) – Wednesday, September 14th 12:30 GMT – The retail sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US compiled by the Office Census Bureau.

A higher than expected reading should be taken as bullish for the US dollar and a lower than expected reading should be taken as bearish for the Greenback.

The previous figure released on August 12th was 0.5% as expected by analysts. The forecast this month is for an increase of 0.2%.

 

4. UK Retail Sales (Monthly) – Thursday, September 15th 8:30 A.M. GMT – The retail sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the UK compiled by the Office for National Statistics.

The previous figure released on August 18th was 0.2% which was quite negative since the previous forecast was for 0.3%. The forecast this month is for an decrease of -0.2%.

 

5. US Consumer Price Index (CPI) (Monthly) – Thursday, September 15th 12:30 GMT – The US Consumer Price Index measures the changes in the price of goods and services. Indeed, it measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in the US.

A higher than expected reading should be taken as bullish for the USD, while a lower than expected reading should be taken as bearish for the USD.

The previous figure released on August 18th was 0.5% which was quite positive since the previous forecast was for only 0.2%. The forecast this month is 0.2% again.

 

 

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As always, keep in mind that the major financial assets are constantly being influenced by many other factors beyond the release of economic data and that previous results do not guarantee future outcomes.

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