Binary Options Daily Setup – October 17th 2011


Today, October 17th, first day of Forex trading for the week.  2 events are awaiting traders today that can provide excellent trading opportunities. Pay attention to the U.S. Empire State Manufacturing Index 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.S. Empire State Manufacturing Index: Published on Monday at 12:30 GMT. The market expects a score of -3.9. If the outcome is -1.3 or more, CALL USD/JPY. If the result is -11.1 or less, PUT option on USD/JPY.
  2. U.K. CPI: Tuesday, 08:30. Exp. 4.9%. 5.1%  or higher, CALL GBP/USD.  4.2% or lower, PUT GBP/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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