BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 06/03-07/10/2013
The Must Watch Top 5 Events of the Week
1. US Manufacturing PMI
06/03/2013 – Monday at 2:00 pm GMT
What will it affect: USD, US Indices, some US Stocks
Forecast: 50.6 from the previous of 50.7
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: PMI stands for Purchasing Managers’ Index and it is a survey based on the opinions of about 400 managers from the Manufacturing sector who are required to answer questions regarding the current and future level of business conditions, including prices, inventories, supplies, etc. Usually higher than expected values strengthen the greenback.
Directional bias: UP if the actual number is higher than 50.6
DOWN if the actual number is lower than 50.6
How I would trade this event: I would place an hourly Put on EUR/USD if the actual value goes above 52.
2. Reserve Bank of Australia Interest Rate Decision
06/04/2013 – Tuesday at 04:30 am GMT
What will it affect: AUD
Forecast: no change from the previous of 2.75%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The Interest Rate is used by the Reserve Bank in order to stabilize the currency and it has a huge impact on the financial market. The interest rate on a short term basically shows the return on holding a currency so a lower rate would make the Australian Dollar less appealing to investors and its value would drop. The RBA Rate Statement is released at the same time and it usually contains details about the reasons that determined the rate vote.
Directional bias: UP if the Rate is increased or if the Statement is hawkish
DOWN if the Rate is decreased or if the Statement is dovish
How I would trade this event: I will not trade at the time of the event. If a clear direction is established afterwards, I will trade accordingly.
3. UK Interest Rate Decision and the Asset Purchase Facility
06/06/2013 – Thursday at 11:00 am GMT
What will it affect: GBP, FTSE
Forecast: no change from the previous of 0.50%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: Although no change is expected for the Interest Rate, the event usually creates volatility and sharp moves because this is the main indicator of a currency’s health. The Asset Purchase Facility released at the same time shows the amount of money the Bank of England creates in order to purchase assets in the market and stabilize the currency. At the moment no change is anticipated from the previous of 375B.
Directional bias: UP if the Rate is increased or if the APF is decreased
DOWN if the Rate is decreased or if the APF is increased
How I would trade this event: I will not trade at the time of the event. If a clear direction is established afterwards, I will trade accordingly.
4. ECB Interest Rate Decision and Mario Draghi’s Press Conference
06/06/2013 – Thursday at 11:45 am GMT (the Conference is at 12:30 pm GMT)
What will it affect: EUR, DAX
Forecast: no change from the previous of 0.50%
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: The Interest Rate is the primary tool the ECB uses for maintaining monetary stability and it creates volatility almost all the time but it is sometimes overshadowed by the Press Conference that follows 45 minutes later. Mario Draghi, the head of the ECB reads a statement and then answers journalists’ questions related to current and future developments in the Euro Zone economy. His attitude is closely watched by traders and investors and usually generates massive moves in the market.
Directional bias: UP if the Rate is increased or if the President has a hawkish attitude
DOWN if the Rate is decreased or if the President has a dovish attitude
How I would trade this event: I will not trade until the Press conference is over. If a clear direction is established afterwards, I will trade accordingly.
5. US Non Farm Payrolls
06/07/2013 – Friday at 12:30 pm GMT
What will it affect: USD, US indices, some US Stocks
Forecast: 163K from the previous of 165K
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: This indicator measures the change in employment during the previous month, excluding the farming sector and it’s the main reflection of the employment situation in the USA. Over time it proved to be one of the main market movers and its impact is almost always a huge one. Extremely strong moves may be experienced at the time of the release.
Directional bias: UP if the value is higher than 163K
DOWN if the value is lower than 163K
How I would trade this event: I will not trade at the time of the release. If a clear direction is established afterwards, I will trade accordingly
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Note 1: The times, dates and values can change during the week. Keep an eye on the mentioned financial websites for any modifications.