Binary Options Daily Setup November 8th 2011


Today, October 8th, starts of 4 trading events. These events provide excellent trading opportunities for binary options trading. Pay attention to the U.K. Manufacturing Production at 08:15GMT.

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

  1. Swiss SECO Consumer Climate: Published on Tuesday at 06:45 GMT. The market expects a score of -20. If the outcome is -14 or more, PUT USD/CHF. If the result is -27 or lower, CALL option on USD/CHF.
  2. U.K. Manufacturing Production: Tuesday, 09:30. Exp. 0.2%. 0.6%  or higher, CALL GBP/USD. -0.4% or lower,PUT GBP/USD.
  3. Canadian Housing Starts: Tuesday, 13:15. Exp. 201K. 209K  or more, PUT USD/CAD.  197K or less, CALL USD/CAD.
  4. Australian Home Loans:Wednesday, 00:30. Exp. 1.7%. 2.1%  or higher, CALL AUD/USD.  1.0% or lower, PUT AUD/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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