Binary Options Daily Setup May 17th 2012
Today, Thursday, May 17th produces 4 new trading events. These events provide excellent trading opportunities for binary options traders. The U.S. Unemployment Claims today, will probably have an effect on the USD/JPY.
24option, is a respected provider recommended by BOCrunch.
Let’s review the events. All times are GMT.
- U.S. Unemployment Claims: Thursday, 13:30. Exp. 370K. 373K or more, PUT USD/JPY. 365K or less, CALL USD/JPY.
- U.S. Philly Fed Manufacturing Index: Thursday, 15:00. Exp. 10.6. 12.5 or more, CALL USD/JPY. 8.1 or less, PUT USD/JPY.
- German PPI: Friday, 07:00. Exp. 0.4%. 0.8% or higher, CALL EUR/USD. 0.2% or lower,PUT EUR/USD.
- Canadian Core CPI: Friday, 13:30. Exp. 0.3%. 0.4% or higher, PUT USD/CAD. 0.1% or lower, CALL USD/CAD.
If you are interested in binary options, see our unique Bonus Offer from 24option, for BOCrunch binary option traders.
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.
Full Disclosure: BOCrunch is affiliated with 24option.
