BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 06/17-21/10/2013
The Must Watch Top 5 Events of the Week
1. Group of 8 Meetings
06/17/2013 – 06/18/2013 – Monday and Tuesday (all day)
What will it affect: the G8 Meetings can have an impact in more than one market, depending on the topics discussed.
Forecast: no estimate is made for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Finance ministers and heads of Central Banks from the G7 nations (Italy, France, Germany, UK, Japan, Canada and US) are going to meet in Northern Ireland to discuss matters of interest related to the Euro Zone crisis. Although it is not a member of the G7, Russia will also participate as the 8th member. The meetings are closed to the press but participants sometimes talk to journalists during the day and their comments can generate volatility. An official statement is released once the meetings have concluded.
Directional bias: UP if solutions are found to the Euro Zone crisis or at least some optimistic developments take place
DOWN if the G8 meetings will be characterized by back and forth discussions, without substance and results
How I would trade this event: I will trade according to my normal strategy, but before I place any trade I will check the mentioned websites to see if any developments that can influence my trade took place.
2. German ZEW Economic Sentiment
06/18/2013 – Tuesday at 09:00 am GMT
What will it affect: EUR, DAX
Forecast: 38.1 from the previous of 36.4
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The ZEW survey draws its importance from the fact that it is based on the opinions of about 275 professional investors and analysts who are asked to rate the medium term economic and business conditions. Due to the nature of their work, they are well informed and aware of the factors that could influence the market.
Directional bias: UP if the actual value is above 38.1
DOWN if the actual value is below 38.1
How I would trade this event: I would buy an hourly Put on EUR/USD and one on DAX if the value will be below 35.
3. United States Consumer Price Index (YoY)
06/18/2013 – Tuesday at 12:30 pm GMT
What will it affect: USD, US indices, some US Stocks
Forecast: 1.4% from the previous of 1.1%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: Consumer spending is a vital part of the US economy, making up for about 2/3 of all activity and is of course closely related to the price that consumers pay. Furthermore, consumer prices are closely related to the overall inflation because a higher price paid by consumers indicates a decrease in the purchasing power of the currency (inflation). This can lead to a rate change as a counter measure and this is the reason why usually higher CPI numbers strengthen the US Dollar.
Directional bias: UP if the actual value is above 1.4%
DOWN if the actual value is below 1.4%
How I would trade this event: I would but an hourly Call on USD/JPY if the value will be higher than anticipated.
4. Bank of England Meeting Minutes
06/19/2013 – Wednesday at 08:30 am GMT
What will it affect: GBP, FTSE
Forecast: 0-0-9
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 MPC members’ voles on the latest interest rate decision and also important insights regarding the reasons that determined their votes. In the 0-0-9 format, the first number shows how many members voted for an increase of the rate, the second number shows how many voted for a decrease and third is the number of members who voted for holding the rate. The Minutes often contain clues about future rates and market direction.
Directional bias: UP if the Minutes are more hawkish than anticipated
DOWN if the Minutes are more dovish than anticipated.
How I would trade this event: I would buy an hourly Call on FTSE if the Minutes will contain hawkish information or clues about a future rate increase.
5. US Federal Rate Decision
06/19/2013 – Wednesday at 6:00 pm GMT
What will it affect: USD, US indices
Forecast: unchanged, 0.25%
Where to keep an eye on the event: CommuniTraders, DailyFX, Bloomberg, Reuters, Forex Factory
Why traders care and what to expect: The importance of the Rate decision is already known and it’s a high one but at the same time, the Federal Open Market Committee (FOMC) will release a Summary of Economic Projections and half an hour later, Fed Chairman Ben Bernanke will hold a press conference. First he will read a pre-written statement and then he will answer journalists’ questions. This second part is known to be the main market mover.
Directional bias: UP if the Rate is increased or if the Chairman has a hawkish attitude
DOWN if the Rate is decreased or if the Chairman has a dovish attitude
How I would trade this event: I would wait for a clear direction and trade only after the press conference is over.
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Keep Tracking of the Upcoming Binary Options Trading Events on CommuniTraders Social Trading Platform!
Note 1: The times, dates and values can change during the week. Keep an eye on the mentioned financial websites for any modifications.
Note 2: The Euro Group Meetings take place Thursday and BoJ Governor Kuroda holds a speech on Friday at 06:35 am GMT