Weekly Top 5 Binary Options Analysis 10/07-11/2013
The Must Watch Top 5 Events of the Week
1. US Non Farm Payrolls
– exact date and time are not known at the moment –
What will it affect: USD, US Stocks and Indices
Forecast: 180K from the previous 169K
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The Non Farm Payrolls report is the most important US data regarding employment and its impact on the market is almost always huge. The release was scheduled for Oct 4th but it was cancelled due to the US Government shutdown; the new release date is not known at the moment but Daily FX expects it Tuesday (time not known). We will keep you updated on our Forum.
Directional bias: UP if the actual value is higher than 180K
DOWN if the actual value is lower than 180K
How I would trade this event: I will probably wait until volatility has settled down and decide afterwards.
2. FOMC Meeting Minutes
10/09/2013 – Wednesday at 6:00 pm GMT
What will it affect: USD, US stocks and indices
Forecast: no forecast is announced for this type of event
Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, DailyFX, Forex Factory
Why traders care and what to expect: The Minutes contain the details of the latest Federal Open Market Committee Meeting, including the reasons which motivated the members’ votes and hints about future direction. Almost always, this event has a major market impact.
Directional bias: UP if the Minutes contain a hawkish outlook
DOWN if the Minutes contain a Dovish outlook
How I would trade this event: I refrain from trading at the time of such events.
3. Australian Employment Change
10/10/2013 – Thursday at 00:30 am GMT
What will it affect: AUD, Australian Indices and Stocks
Forecast: 15.2K from previous -10.8K
Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, Daily FX, Forex Factory
Why traders care and what to expect: The employment situation is of paramount importance for any economy partly because it is correlated with consumer spending. Employed people tend to spend more than unemployed ones so a higher employment level suggests a future increase in consumer spending.
Directional bias: UP if the actual value is higher than 15.2K
DOWN if the actual value is lower than 15.2K
How I would trade this event: I would buy an hourly Call on AUD/USD if the value will be at least equal to 15K.
4. Bank of England Rate Decision
10/10/2013 – Thursday at 11:00 am GMT
What will it affect: GBP, FTSE
Forecast: unchanged 0.50%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: The Official Bank Rate is the primary tool the Bank of England uses to stabilize the currency and control inflation. No change is expected but the event will create volatility nonetheless. Keep an eye on the Asset Purchase Facility (no change expected from the current value of 375B) which is released at the same time.
Directional bias: UP if the Rate increases or the APF decreases
DOWN if the Rate decreases or the APF increases
How I would trade this event: I don’t trade at the time of such events.
5. US Advance Retail Sales
10/11/2013 – Friday at 12:30 pm GMT
What will it affect: USD, US Indices and Stocks
Forecast: no change from the previous 0.2%
Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, DailyFX,
Why traders care and what to expect: Consumer spending is vital to the US economy and makes up for about two thirds of all economic activity. The sales made at a retail level make up for about one third of all consumer spending so higher than expected values are beneficial for the economy. The indicator measures the change in retail sales volume compared to previous month.
Directional bias: UP if the actual value is higher than 0.2%
DOWN if the actual value is lower than 0.2%
How I would trade this event: I would buy 15 minute Puts on USD/JPY if the value will be lower than 0.2%
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Keep Tracking of the Upcoming Binary Options Trading Events on CommuniTraders Social Trading Platform!
Note: The times, dates and values can change during the week. Keep an eye on the mentioned financial websites for any modifications.
Note*: BoJ Governor Kuroda and ECB President Mario Draghi will speak this week Thursday at 4:00 pm GMT and 4:20 pm GMT respectively.