Binary Options Daily Setup November 21st 2011

Monday, November 21st 2011, offers traders 6 events on the USD/JPY, EUR/USD and USD/CHF. These events provide excellent trading opportunities for binary options trading. Pay Attention to the U.S. Existing Home Sales at 15:00GMT.

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

  1. Japanese Trade Balance: Published on Sunday at 23:50 GMT. The market expects a score of -0.20T. If the outcome is 0.10T or more, PUT USD/JPY. If the result is -0.35T or less, CALL option on USD/JPY.
  2. European Current Account: Monday, 09:00. Exp. -3.2B. -2.1B  or more, CALL EUR/USD. -7.4B or less, PUT EUR/USD.
  3. Canadian Wholesale Sales: Monday, 13:30. Exp. 0.6%.  0.8% or higher, PUT USD/CAD.  -0.1% or worse, CALL USD/CAD.
  4. U.S. Existing Home Sales: Monday, 15:00. Exp. 4.82M. 5.05M  or more, CALL USD/JPY.  4.77M or less, PUT USD/JPY.
  5. Swiss Trade Balance: Tuesday, 07:00. Exp. 2.06B. 2.39B  or more, PUT USD/CHF.  1.69B or less, PUT USD/CHF.

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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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