Binary Options Daily Setup – June 17th 2011

Events from Canada and the U.S. are the highlights of today’s binary options setups. Here are the news events that can provide excellent trading opportunities for tomorrow.

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

  1. Canadian Wholesale Sales m/m. Published on Friday at 12:30 GMT. The market expects a figure of -0.2%. If the outcome is 0.3% or more, PUT option on USD/CAD. If the outcome is a -0.8% or less, CALL option on USD/CAD.
  2. U.S. Prelim UoM Consumer Sentiment. Published on Friday at 13:55 GMT. Exp. 74.4. 80 or more, PUT USD/JPY. 70 or less, CALL USD/JPY.

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.

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