BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 05/13-17/2013
The Must Watch Top 5 Events of the Week
1. United States Retail Sales
05/13/2013 – Monday at 12:30 am GMT
What will it affect: USD, US Indices
Forecast: -0.3% from the previous of -0.4%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The indicator represents the change in the total volume of sales at a retail level. Consumer spending accounts for more than two thirds of the entire US economy and retail sales represent one third of such spending. Higher numbers for the Retail Sales are indicative of increased confidence among consumers and are of course beneficial for the economy.
Directional bias: UP if the actual value is higher than -0.3%
DOWN if the actual value is lower than -0.3%
How I would trade this event: I would place hourly Puts on EUR/USD if the actual value is higher than -0.3%.
2. German ZEW Economic Sentiment
05/14/2013 – Tuesday at 09:00 am GMT
What will it affect: EUR, DAX
Forecast: 39.5 from the previous of 36.3
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: This survey is based on the opinions of about 275 German analysts and institutional investors. They are highly informed about the economic situation due to the nature of their work and this makes the ZEW survey a highly respected one. Higher numbers than anticipated usually strengthen the Euro
Directional bias: UP if the actual number is higher than 39.5
DOWN if the actual number is lower than 39.5
How I would trade this event: I would buy a 15 minute Put on EUR/USD if the actual number is lower than 35
3. Euro Zone Gross Domestic Product (year over year)
05/15/2013 – Wednesday at 09:00 am GMT
What will it affect: EUR, DAX
Forecast: unchanged -0.9%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: The Gross Domestic Product is the main measure of a country’s economy. This indicator measures the total value of services and goods produced by the Euro Zone nations and although it’s value can be anticipated with a relatively high accuracy, its significance cannot be denied. All eyes are on the Euro Zone economy at the moment and this adds to the importance of the GDP.
Directional bias: UP if the value is higher than -0.9%
DOWN if the value is lower than -0.9%
How I would trade this event: I would buy an hourly Put on DAX if the number is lower than -0.9%
4. Bank of England Inflation Report
05/15/2013 – Wednesday at 09:30 am GMT
What will it affect: GBP, FTSE
Forecast: no estimate is made for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: The Report contains Bank of England’s valuable insights regarding inflation and economic conditions over the next 2 years. It can also contain clues about future interest rate decisions and the release will be accompanied by a Press Conference attended by the BoE Governor Mervyn King, discussing the contents of the report. Volatility is expected at the time of the Press Conference.
Directional bias: UP if the Report contains positive expectations or if the Governor has a hawkish attitude at the Press Conference
DOWN if the Report contains negative or stagnant expectation or if the Governor has a dovish attitude at the Press Conference
How I would trade this event: If the events create strong volatility, I will trade only when the market becomes predictable again.
5. US CORE Consumer Price Index
05/16/2013 – Thursday at 12:30 pm GMT
What will it affect: USD, US indices, US Stocks
Forecast: 0.2% from the previous 0.1%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The CORE indicator measures the change in the price of goods and services purchased by consumers, excluding from calculation the food and energy sectors. Higher prices paid by consumers are indicative of a growing inflation and this can lead to a rate increase as a counter measure. Usually higher CPI numbers strengthen the greenback.
Directional bias: UP if the value is higher than 0.2%
DOWN if the value is lower than 0.2%
How I would trade this event: I would buy a Call on S&P 500 if the value is at least 0.2%.
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***Note: The exact time, date and value for the release of the Earnings reports may change or it is not announced at the moment. It is possible that the date will be updated as well. Keep an eye on the mentioned financial websites for the actual release.
Note 2: Japan will release the GDP on Wednesday. France and Germany will do the same