BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 4/15-22/2013
The Must Watch Top 5 Events of the Week
1. Reserve Bank of Australia Monetary Policy Meeting Minutes
04/16/2013 – Tuesday at 1:30 am GMT
What will it affect: AUD
Forecast: no forecast is made for this type of event
Where to keep an eye on the event: CommuniTraders, RBA official website, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: This is the primary tool used by the Reserve Bank of Australia for communicating the reasons behind the Interest Rate vote. Sometimes the Minutes can also contain hints about future monetary direction or Rate changes
Directional bias: UP if the Minutes contain hawkish information
DOWN if the Minutes contain dovish information.
How I would trade this event: I would place 15 minute Calls on AUD/USD if the Minutes contain hints about a future rate increase
2. UK Consumer Price Index
04/16/2013 – Tuesday at 8:30 am GMT
What will it affect: GBP, FTSE
Forecast: no change from 2.8%
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: Consumer prices are closely related to the overall inflation because a higher price paid by consumers is indicative of a decrease in the purchasing power of the currency (inflation). This is eventually countered by the Central Bank with a Rate increase. The Bank of England uses the CPI for their inflation target, not the CORE version of the indicator and this makes it more important.
Directional bias: UP if the actual values is higher than 2.8%
DOWN if the actual value is lower than 2.8%
How I would trade this event: I would buy several 15 minute Calls, in sequence if the value is higher than 3.0%
3. German ZEW Economic Sentiment
04/16/2013 – Tuesday at 09:00 am GMT
What will it affect: EUR, DAX
Forecast: 41.5 from a previous of 48.5
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: This is a survey of about 275 institutional investors and analysts who are highly informed about the economic outlook due to the nature of their jobs. They are asked to predict economy’s direction for the next 6 months and also to rate the current conditions. The German economy is the backbone of the Euro Zone economy so this survey has the potential to move the market.
Directional bias: UP if the actual value will be higher 41.5
DOWN if the actual value will be lower than 41.5
How I would trade this event: I would buy a 15 minute Call on EUR/USD and one on DAX if the value will be higher than 44.
4. Speech of ECB President Mario Draghi
04/16/2013 – Tuesday at 1:00 pm GMT
What will it affect: EUR, DAX
Forecast: no forecast is made for this type of event
Where to keep an eye on the event: Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: The ECB President, Mario Draghi is scheduled to speak about the European Central Bank’s activities, in Strasbourg in front of the members of the European Parliament. Depending on the specific topics discussed and his attitude, volatility could be experienced in all Euro related pairs.
Directional bias: UP if the President is hawkish in his attitude
DOWN if the President is dovish in his attitude
How I would trade this event: If movement is indeed created by his speech, I will wait for a clear direction before trading
5. Bank of Canada’s Rate Decision
04/17/2013 – Wednesday at 2:00 pm GMT
What will it affect: CAD
Forecast: unchanged 1.0%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Interest rates in general are the main market mover for their respective currencies and the Canadian Dollar is no exception. The Rate decision will be followed by Bank of Canada’s Press Conference (3:15 pm GMT) and more volatility might be created by this event. We will also need to keep an eye on the BoC Monetary Policy Report and BoC Rate Statement, both released at the same time as the Rate decision.
Directional bias: UP if the Rate is increased
DOWN if the Rate is decreased
How I would trade this event: I would buy an hourly Put on USD/CAD if the Rate will be increased or if the other events mentioned will contain bullish signs.
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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: Several other countries announce their CPI and PPI (there are other important economic indicators for the week but are not mentioned in this article) so I recommend you keep an eye on those if you are going to trade their currencies, indices or stocks
Note 3: The G20 (Group of Twenty) meetings start Thursday