Binary Options Daily Setup – November 1st 2011

1st of November has 4 major events on the British pound, Swiss, U.S. and Aussie dollar. . These events provide excellent trading opportunities for binary options trading. Pay attention to the first event of the day U.K. Nationwide HPI at 7:00GMT.

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

  1. U.K. Nationwide HPI: Published on Tuesday at 07:00 GMT. The market expects a score of 0.1%. If the outcome is 0.3% or higher, CALL GBP/USD. If the result is  -0.2% or less, PUT option on GBP/USD.
  2. Swiss Retail Sales: Tuesday, 08:15. Exp. 2.3%. 3.8%  or higher, PUT USD/CHF.  1.9% or lower, CALL USD/CHF.
  3. U.S. ISM Manufacturing PMI: Tuesday, 14:00. Exp.52.1. 55.4  or more, CALL USD/JPY. 50.7 or lower, PUT USD/JPY.
  4. Australian Building Approvals: Wednesday, 00:30. Exp. -4.5%. 11.9% or higher, CALL AUD/USD.  -7.9% or lower, PUT AUD/USD.

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

Quick explanations:

  • CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 85%. 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 85%. If it closes above, you’re left with 10%.

For more Forex Binary trading, see our weekly GBP/JPY weekly technical analysis.

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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