Binary Options Daily Setup November 7th 2011

Monday, October 7th starts of with no less than 8 trading events. These events provide excellent trading opportunities for binary options trading. Pay attention to the Swiss CPI at 08:15GMT.

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

  1. U.K. Halifax HPI: Published on Monday at 08:00 GMT. The market expects a score of 0.1%. If the outcome is 0.3% or higher, CALL GBP/USD. If the result is  -0.9% or lower, PUT option on GBP/USD.
  2. Swiss CPI: Monday, 08:15. Exp. 0.2%.  0.5% or higher, PUT USD/CHF.  -0.1% or lower, CALL USD/CHF.
  3. European Sentix Investor Confidence: Monday, 09:30. Exp. -19.7. -13.2  or more, CALL EUR/USD.  -22.1 or less, PUT EUR/USD.
  4. European Retail Sales: Monday, 10:00. Exp. 0.0%. 0.2%  or higher, CALL EUR/USD.  -0.4% or lower, PUT EUR/USD.
  5. German Industrial Production: Monday, 11:00. Exp. -0.7%. 0.4%  or higher, CALL EUR/USD.  -1.1% or lower, PUT EUR/USD.
  6. U.K. RICS House Price Balance:Tuesday, 00:01. Exp. -23%. -20%  or higher, CALL GBP/USD.  -31% or lower, PUT GBP/USD.
  7. Australian Trade Balance: Tuesday, 12:30. Exp. 3.04B. 3.12B  or more, CALL AUD/USD.  2.96B or less, PUT AUD/USD.
  8. Swiss SECO Consumer Climate: Tuesday, 06:45. Exp. -20. -14  or more, PUT USD/CHF.  -27 or less, CALL 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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