Binary Options Daily Setup November 23rd 2011

Today, November 23rd 2011, offers traders 4 events on the USD/JPY, EUR/USD and NZD/USD. These events provide excellent trading opportunities for binary options trading. Pay Attention to the U.S. Unemployment Claims at 13:30GMT.

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

  1. European Industrial New Orders: Published on Wednesday at 10:00 GMT. The market expects a score of -2.4%. If the outcome is 2.1% or higher, CALL EUR/USD. If the result is  -3.8% or lower, PUT option on EUR/USD.
  2. U.S. Unemployment Claims: Wednesday, 13:30. Exp. 389K. 392K or more, PUT USD/JPY. 386K or less, CALL USD/JPY.
  3. U.S. Revised UoM Consumer Sentiment: Wednesday, 14:55. Exp. 64.6. 67.5  or more, CALL USD/JPY.  60.9 or less, PUT USD/JPY.
  4. New Zealand Trade Balance: Wednesday, 21:45. Exp. 454M. -319M  or more, CALL NZD/USD. -641M or less, PUT NZD/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%.

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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