Binary Options Daily Setup – October 24th 2011


This week starts early with a release on Sunday 23rd at 23:50GMT effecting the JPY. These events provide excellent trading opportunities for binary options trading. The Australian PPI is significant although not due to change or rock the AUD/USD this time.

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

  1. Japanese Trade Balance: Published on Sunday at 23:50 GMT. The market expects a score of -0.11T. If the outcome is 0.10T or more, PUT USD/JPY. If the result is -0.47T or less, CALL option on USD/JPY.
  2. Australian PPI: Monday, 00:30. Exp. 0.8%. 1.2%  or higher, CALL AUD/USD.  0.6% or lower, PUT AUD/USD.
  3. European Industrial New Orders: Monday, 09:00. Exp. 0.1%. 0.9%  or higher, CALL EUR/USD.  -1.8% or lower, PUT EUR/USD.
  4. New Zealand CPI: Monday, 21:45. Exp. 0.8%. 1.3%  or higher, CALL NZD/USD.  0.6% or lower, PUT NZD/USD.
  5. GfK German Consumer Climate: Tuesday, 06:00. Exp. 5.1. 5.4  or more, CALL EUR/USD.  4.7 or less, PUT EUR/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.

Full Disclosure: BOCrunch is affiliated with 24option.com.

Japanese Trade Balance: Published on Sunday at 23:50 GMT. The market expects a score of -0.11T. If the outcome is 0.10T or more, PUT USD/JPY. If the result is -0.47T or less, CALL option on USD/JPY.

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