Binary Options Daily Setup January 10th 2012

Today, Tuesday, January 10h produces 3 new trading events. These events provide excellent trading opportunities for binary options traders. The U.K. Trade Balance tomorrow, is an important event on the GBP.

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

  1. French Industrial Production: Tuesday, 07:45. Exp. 0.1%. 0.3% or higher, CALL EUR/USD. -0.3% or lower, PUT EUR/USD.
  2. Canadian Housing Starts: Tuesday, 13:15. Exp. 187K. 197K  or more, PUT USD/CAD. 179K or less, CALL USD/CAD.
  3. U.K. Trade Balance: Wednesday, 09:30. Exp. -8.2B. -7.1B or more, CALL GBP/USD.  -9.2B or worse, 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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