BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 4/29-5/6/2013
The Must Watch Top 5 Events of the Week
1. German Unemployment Change
04/30/2013 – Tuesday at 07:55 am GMT
What will it affect: EUR, DAX
Forecast: 2K from the previous of 13K
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The German economy has a very high impact on the Euro itself and that’s why higher German unemployment can negatively affect the Euro. The DAX is a German index so it will be directly affected by this economic indicator. Higher unemployment numbers suggest a decreased economic activity.
Directional bias: UP if the actual number is lower than 2K
DOWN if the actual number is higher than 2K
How I would trade this event: I would place hourly Calls on EUR/USD and DAX if the actual value is lower than 1K
2. Facebook, Inc. Earnings
05/01/2013 – Wednesday
What will it affect: FB
Consensus EPS forecast: $0.08
Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, Nasdaq.com
Why traders care and what to expect: Facebook is expected to announce the Earnings report on the 1st of May for the fiscal quarter ending in March 2013, The EPS for the same quarter last year is not known because Facebook made its IPO (Initial Public Offering) in February 2012 and shares began to be traded in May 2012.
Directional bias: UP if the actual values beat the estimates.
DOWN if the actual values are lower than estimated
How I would trade this event: I would buy 15 minute Calls, in sequence if the value is higher than 0.12
3. Federal Open Market Committee Statement
05/01/2013 – Wednesday at 6:00 pm GMT
What will it affect: USD, US indices and some US stocks
Forecast: no forecast is made for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: This is the main tool the Federal Open Market Committee (FOMC) uses to communicate with the public about monetary policy and fiscal matters. It contains details about the members’ votes on the Federal Funds Rate, economic outlook and most importantly, it can offer clues about future rate votes.
Directional bias: UP if the Statement contains a hawkish outlook
DOWN if the Statement contains a dovish outlook
How I would trade this event: I would buy a 15 minute Put on EUR/USD if the Statement is hawkish
4. ECB Interest Rate Decision
05/02/2013 – Thursday at 11:45 am GMT
What will it affect: EUR, DAX
Forecast: 0.50% from the previous of 0.75%
Where to keep an eye on the event: CommuniTraders, ECB official website, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: For a long period the Interest Rate was kept at 0.75%, and finally a change is anticipated. Even if the rate remains unchanged, the event will still bring volatility. The Press Conference that follows 45 minutes later is likely to be a strong market mover, maybe more than usual, considering the anticipated Rate change.
Directional bias: UP if the Rate is remains unchanged and the ECB President is hawkish during the Press Conference
DOWN if the Rate is decreased or if the ECB President is dovish during the Press Conference
How I would trade this event: I would trade only after a clear direction is established.
5. US Non Farm Payrolls
05/03/2013 – Friday at 12:30 pm GMT
What will it affect: USD, US indices, US Stocks
Forecast: 155K from a previous of 88K
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The NFP is one of the most respected US economic indicators regarding the employment situation. Job creation is highly indicative of future consumer spending which accounts for a big part of the overall economic activity. Better numbers suggest a thriving economy while a drop in employment points towards a slowing or stalling economy.
Directional bias: UP if the NFP is higher than 155K
DOWN if the NFP is lower than 155K
How I would trade this event: I would buy 15 minute Calls on DJIA, S&P, USD/JPY and a Put on EUR/USD if the NFP is higher than 175K
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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.