Binary Options Daily Setup December 8th 2011

Thursday, December 8th, starts our daily news setup for binary traders with the European Minimum Bid Rate and the U.S. Unemployment claims.. 2 other market events provide excellent trading opportunities for binary options traders.

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

  1. European Minimum Bid Rate: Published on Thursday at 12:45 GMT. The market expects a score of 1.00%. If the outcome is  1.50% or higher, CALL EUR/USD. If the result is 1.00% or worse, PUT option on EUR/USD.
  2. Canadian Housing Starts: Thursday, 13:15. Exp. 203K. 210K  or more, PUT USD/CAD.  185K or less, CALL USD/CAD.
  3. U.S. Unemployment Claims: Thursday, 13:30. Exp. 397K. 404K or more, PUT USD/JPY.394K or less, CALL USD/JPY.
  4. French Industrial Production: Friday, 07:45. Exp. 0.0%. 0.5%  or higher, CALL EUR/USD.  -2.1% 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%.

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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