Binary Options Daily Setup – October 21th 2011


End of the week for forex binary trading brings 3 events this Friday on the pound, euro and the Canadian dollar. These events provide excellent trading opportunities for binary options trading. The German Ifo Business Climate is also significant and can send the EUR a few steps back.

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

  1. German Ifo Business Climate: Published on Friday at  08:00 GMT. The market expects a score of 106.3 points. If theoutcome is 108.1 or more, CALL option on EUR/USD. If the result is 105.7 or worse, PUT option on EUR/USD.
  2. U.K. Public Sector Net Borrowing: Friday, 08:30. Exp. 11. 9B.  12.3B or more, PUT GBP/USD.  10.6B or less, CALL GBP/USD.
  3. Canadian Core CPI: Friday, 11:00. Exp. 0.2%. 0.4%  or higher, PUT USD/CAD. 0.1% or lower, CALL USD/CAD.

 

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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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