Binary Options Daily Setup – August 9th 2011


Events from the U.K. Euro-Zone, Canada and Japan are the highlights of today’s binary options setups. Here are the events that can provide excellent trading opportunities.

 

 

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Let’s review the events. All times are GMT.

  1. U.K. Manufacturing Production: Published on Tuesday at 08:30. The market expects a figure of 0.3%. If the outcome is 2.0% or higher, CALL option on GBP/USD. If the outcome is a -1.5% or lower, PUT option on GBP/USD.
  2. Canadian Housing Starts: Tuesday, 12:15. Exp. 193K. 208K or more, PUT USD/CAD. 183K or less, CALL USD/CAD.
  3. Japanese Tertiary Industry Activity: Tuesday, 23:50. Exp. 1.1%. 2.8% or highr, PUT USD/JPY.  0.2% or lower, CALL USD/JPY.
  4. French Industrial Production: Wednesday, 06:45. Exp. 0.3%. 2.2% or highr, CALL EUR/USD.  -0.9% or lower, PUT EUR/USD.

These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

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Quick explanations:

  • CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. If it closes below, you’re left with 10%.
  • PUT options – if the price closes under the price you purchased at expiry time, you make 75%. If it closes above, you’re left with 10%.

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

Full Disclosure: BOCrunch is affiliated with TradeSmarter.

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1 Comment

  1. Geralynn says:

    Most help arictels on the web are inaccurate or incoherent. Not this!

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