Binary Options Weekly Setup – August 1- 5 2011


The upcoming week is very busy for binary options traders.  18 significant events are awaiting us – events which provide opportunities for trading binaries. For a focused daily update follow our daily updated setup.

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

 

  1. U.K. Manufacturing PMI: Published on Monday at 8:30 GMT. The market expects a rise of 51.1. If the outcome is 54.8 or more, CALL GBP/USD. If the result is 50.1 or less, PUT option on GBP/USD.
  2. U.S. ISM Manufacturing PMI: Monday, 14:00. Exp. 55.0. 59.8 or more, CALL USD/JPY. 50.6 or less, PUT USD/JPY.
  3. New Zealand Labor Cost Index: Monday, 22:45. Exp. 0.5%. 0.7% or more, CALL NZD/USD. 0.3% or less, PUT NZD/USD.
  4. Australian Building Approvals: Tuesday, 1:30. Exp. 3.2%. 8.6% or more, CALL AUD/USD. -6.5% or less, PUT AUD/USD.
  5. Swiss Retail Sales: Tuesday, 7:15. Exp. 1.6%. 7.5% or more, PUT USD/CHF. -4.1% or less, CALL USD/CHF.
  6. U.K. Construction PMI: Tuesday, 8:30. Exp. 53.3. 56.5 or more, CALL GBP/USD. 51.2 or less, PUT GBP/USD.
  7. U.K. Services PMI: Wednesday, 8:30. Exp. 53.3. 57.2 or more, CALL GBP/USD. 51.0 or less, PUT GBP/USD.
  8. European Retail Sales: Wednesday, 9:00. Exp. 0.5%. 0.9% or more, CALL EUR/USD. -0.8% or less, PUT EUR/USD.
  9. U.S. ADP Non-Farm Employment Change: Wednesday, 12:15. Exp.102K. 165K or more, CALL USD/JPY. 85K or less, PUT USD/JPY.
  10. U.S. ISM Non-Manufacturing PMI: Wednesday, 14:00. Exp. 53.9. 57.3 or more, CALL USD/JPY. 51.5 or more, PUT USD/JPY.
  11. New Zealand Unemployment Rate: Wednesday, 22:45. Exp. 6.5%. 6.1% or less, CALL NZD/USD. 7.1% or more, PUT NZD/USD.
  12. German Factory Orders: Thursday, 10:00. Exp. -0.3%. 2.8% or more, CALL EUR/USD. -2.3% or less, PUT EUR/USD.
  13. European Minimum Bid Rate: Thursday, 11:45. Exp. 1.5%. 1.75% or more, CALL EUR/USD. 1.25% or less, PUT EUR/USD.
  14. US Unemployment Claims: Thursday, 12:30. Exp. 407K. 418K or more, PUT USD/JPY. 391K or less, CALL USD/JPY.
  15. Swiss CPI: Friday, 07:15. Exp. -0.5%. 0.1% or more, PUT USD/CHF. -1.1% or less, PUT USD/CHF.
  16. U.K. PPI Input: Friday, 08:30. Exp. 0.6%. 1.7% or higher, CALL GBP/USD. -2.0% or less, PUT GBP/USD.
  17. U.S. Non-Farm Employment Change: Friday, 12:30. Exp. 91K. +160K or more, CALL USD/JPY. 10K or less, PUT USD/JPY.
  18. Canadian Ivey PMI: Friday, 14:00. Exp. 62.9. 69.1 or higher, PUT USD/CAD. 57.5 or less, CALL USD/CAD.

These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

If you’re interested in binary options, please go to TradeSmarter. They’re a leading binary options provider.

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Quick explanations:

  • CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. 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 75%. 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.

Full Disclosure: BOCrunch is affiliated with TradeSmarter.

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