Binary Options Daily Setup – October 28th 2011

Last day of the trading week, Friday 28th has only 3 events, but includes the Swiss KOF Economic Barometer at 9:30GMT that is a major index effecting the USD/CHF. These events provide excellent trading opportunities for binary options trading.

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

  1. French Consumer Spending: Published on Friday at 06:45 GMT. The market expects a score of 0.1%. If the outcome is 0.6% or higher, CALL EUR/USD. If the result is  -0.7% or less, PUT option on EUR/USD.
  2. Swiss KOF Economic Barometer: Friday, 09:30. Exp. 1.00. 1.61  or higher, PUT USD/CHF. 0.91 or lower, CALL USD/CHF.
  3. U.S. Revised UoM Consumer Sentiment: Friday, 13:55. Exp.58.1. 59.6 or more, CALL USD/JPY.  55.7 or less, PUT 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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