Binary Options Daily Setup November 23rd 2011


Today, November 24th 2011, offers traders 5 events, focusing today on the Euro and British Pound. . These events provide excellent trading opportunities for binary options trading. Pay Attention today to all Euro-Zone news, as the fall in the EUR/USD may continue today.

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

  1. German Ifo Business Climate: Published on Thursday at 09:00 GMT. The market expects a score of 105.3. If the outcome is 107.5 or more, CALL EUR/USD. If the result is  104.9 or less, PUT option on EUR/USD.
  2. U.K. Revised GDPThursday, 09:30. Exp. 0.5%. 0.8%  or higher, CALL GBP/USD. 0.3% or lower, PUT GBP/USD.
  3. U.K. CBI Industrial Order Expectations: Thursday, 12:00. Exp. -19. -10  or more, CALL GBP/USD. -28 or less, PUT GBP/USD.
  4. Belgium NBB Business Climate:  Thursday, 14:00. Exp. -11.3. -9.4 or more, CALL EUR/USD. -13.0 or lower, PUT EUR/USD.
  5. Tokyo Core CPIThursday, 23:30. Exp. -0.3%. -0.1%  or higher, PUT USD/JPY. -0.5% or less, CALL USD/JPY.

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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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