Binary Options Daily Setup – October 5th 2011


Today’s trading opportunities include events from Japan, Australia, U.K. and the U.S. that are the highlights of today’s binary options setups. 3 events are awaiting traders today that can provide excellent trading opportunities. Pay attention to the U.S. ISM Non-Manufacturing PMI at 14:00 GMT, brings trading opportunity on the USD/JPY.

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

  1. European Retail Sales: Published on Wednesday at 09:00 GMT. The market expects a score of -0.2%. If the outcome is 0.5% or higher, CALL EUR/USD. If the result is -0.4% or lower, PUT option on EUR/USD.
  2. U.S. ADP Non-Farm Employment Change: Wednesday, 12:15. Exp. 76K. 98K or more, CALL USD/JPY. 41K or less, PUT USD/JPY.
  3. U.S. ISM Non-Manufacturing PMI: Wednesday, 14:00. Exp. 53.1. 54.6 or more, CALL USD/JPY. 52.6 or less, PUT USD/JPY.

 

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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