Binary Options Daily Setup February 29th 2012

Today, Wednesday, February 29th produces 9 new trading events. These events provide excellent trading opportunities for binary options traders. The Swiss KOF Economic Barometer today, will probably have an effect on the USD/CHF.

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

  1. French Consumer Spending: Wednesday, 07:45. Exp. 0.3%. 0.5%  or higher, CALL EUR/USD. -0.9% or lower, PUT EUR/USD.
  2. Swiss KOF Economic Barometer: Wednesday, 08:00. Exp. -0.11. -0.08 or more, PUT USD/CHF.  -0.20 or worse, CALL USD/CHF.
  3. German Unemployment Change: Wednesday, 08:55. Exp. -5K. -2K  or more, PUT EUR/USD. -36K or lower, CALL EUR/USD.
  4. U.K. Net Lending to Individuals: Wednesday, 09:30. Exp. 0.8B. 1.0B  or more, CALL GBP/USD. 0.3B or less, PUT GBP/USD.
  5. U.S. Prelim GDP: Wednesday, 13:30. Exp. 2.8%. 3.0%  or higher, CALL USD/JPY.  2.6% or lower, PUT USD/JPY.
  6. U.S. Chicago PMI:Wednesday, 14:45. Exp. 61.6. 62.5  or more, CALL USD/JPY. 59.9 or less, PUT USD/JPY.
  7. Japanese Capital Spending: Wednesday, 23:50. Exp. -6.4%. -5.9%  or higher, PUT USD/JPY.  -11.5% or lower, CALL USD/JPY.
  8. Swiss GDP: Thursday, 06:45. Exp. -0.1%. 0.3% or higher, PUT USD/CHF.  -0.2% or worse, CALL USD/CHF.
  9. U.K. Nationwide HPI: Thursday, 07:00. Exp. 0.3%. 0.4%  or higher, CALL GBP/USD. -0.5% or less, PUT GBP/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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