Binary Options Daily Setup – October 19th 2011


As every Thursday, the U.S. unemployment figure is released today and although not supposed to show drastic change, might surprise and hit the U.S. dollar. These events provide excellent trading opportunities for binary options trading. The U.K. Retail Sales is also significant and can send the pound flying high.

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

  1. U.K. Retail Sales: Published on Tuesday at  08:30 GMT. The market expects a score of 0.1% points. If theoutcome is 0.3% or higher, CALL option on GBP/USD. If the result is –0.4% or worse, PUT option on GBP/USD.
  2. U.S. Unemployment Claims: Thursday, 12:30. Exp. 405K. 408K or more, PUT USD/JPY. 402K or less, CALL USD/JPY.
  3. U.K. Nationwide Consumer Confidence: Thursday, 23:01. Exp. 50. 53  or more, CALL GBP/USD.  48 or less, PUT GBP/USD.
  4. Australian Import Prices: Friday,00:30. Exp. 0.6%. 0.9&  or higher, CALL AUD/USD.  0.5% 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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