Binary Options Daily Setup – November 3rd 2011

5 major trading signals are released today, October 3rd, from the U.S., Australia and the Euro-Zone. . These events provide excellent trading opportunities for binary options trading. Pay attention to the U.S. Unemployment Claims at 12:30GMT.

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

  1. Australian Retail Sales: Published on Thursday at 00:30 GMT. The market expects a score of 0.5%. If the outcome is 0.7% or higher, CALL AUD/USD. If the result is  0.2% or less, PUT option on AUD/USD.
  2. U.K. Services PMI: Thursday, 09:30, Exp. 51.9. 55.4 or more, CALL GBP/USD.  49.2 or less, PUT GBP/USD.
  3. U.S. Unemployment Claims: Thursday, 12:30. Exp. 401K. 404K or more, PUT USD/JPY. 398K or less, CALL USD/JPY.
  4. European Minimum Bid Rate: Thursday, 12:45. Exp. 1.50%. 1.75%  or higher, CALL EUR/USD.  1.25% or lower, PUT EUR/USD.
  5. U.S. ISM Non-Manufacturing PMI: Thursday, 14:00. Exp. 53.7. 57.3  or more, CALL USD/JPY.  52.2 or less, PUT USD/JPY.

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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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