Binary Options Daily Setup – October 13th 2011

Today’s trading opportunities are all about the ‘majors’ with events from the U.K. and the U.S.. that are the highlights of today’s binary options setups. 3 events are awaiting traders today that can provide excellent trading opportunities. Pay attention to the U.S. Unemployment Claims at 12:30 GMT, brings trading opportunity on the USD/JPY.

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

  1. U.K. Trade Balance: Published on Thursday at 08:30 GMT. The market expects a score of  -8.8B. If theoutcome is -8.5B or more, CALL GBP/USD. If the result is  -9.1B or less, PUT option on GBP/USD.
  2. U.S. Unemployment Claims: Thursday, 12:30. Exp. 406K. 410K or more, PUT USD/JPY. 398K or less, CALL USD/JPY.
  3. U.S. Federal Budget Balance: Thursday at 18:00. Exp. -65.0B. -60.5B or more, CALL USD/JPY. -137.2B or less, PUT USD/JPY.
  4. Japanese Tertiary Industry Activity: Wednesday, 23:50. Exp. -0.3%. 0.1% or higher, PUT USD/JPY. -0.5% or lower, CALL 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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