Binary Options Daily Setup – October 27th 2011

Today, Oct. 27th has 6 trading events, including the U.S. Unemployment Claims at 12:30GMT. These events provide excellent trading opportunities for binary options trading. The U.K. GfK Consumer Confidence is also important and might impact the USD/JPY.

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

  1. European M3 Money Supply: Published on Thursday at 08:00 GMT. The market expects a score of 2.8%. If the outcome is 3.0% or higher, CALL EUR/USD. If the result is 2.0% or less, PUT option on EUR/USD.
  2. U.K. CBI Realized Sales: Thursday, 10:00, Exp. -15. -5  or more, CALL GBP/USD.  -20 or less, PUT GBP/USD.
  3. U.S. Unemployment Claims: Thursday, 12:30. Exp. 400K. 403K or more, PUT USD/JPY. 396K or less, CALL USD/JPY.
  4. U.S. Pending Home Sales: Thursday, 14:00. Exp. 0.2%. 0.5%  or higher, CALL USD/JPY.  -1.8% or less, PUT USD/JPY.
  5. U.K. GfK Consumer Confidence: Thursday, 23:01. Exp. -30. -25  or more, CALL GBP/USD.  -34 or less, PUT GBP/USD.
  6. Japanese Prelim Industrial Production: Thursday, 23:50. Exp. -2.0%. 1.1% or higher, PUT USD/JPY. -2.9% 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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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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