Gold Binary Options Setup July 1-5 2013


Market events have great impact on gold prices and can produce trading opportunities for gold binary options traders. We highlighted for you the main events for this week, July 1st 2013, on the Gold spot.

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

  1. Spanish Manufacturing PMI: Published on Monday at 08:15 GMT. The market expects a score of 48.9. If the outcome is 49.2 or more, CALL on Gold. If the result is 47.8 or less, PUT option on on Gold.
  2. U.K. Manufacturing PMI: Monday, 09:30. Exp. 51.3. 51.7 or more, CALL on Gold. 51.0 or less, PUT on Gold.
  3. U.S. ISM Manufacturing PMI: Monday, 15:00. Exp. 50.6. 50.9 or more, PUT on Gold. 48.8 or less, CALL on Gold.
  4. Spanish Unemployment Change: Tuesday, 08:00. Exp. -83.5K. -79.6K or more, PUT on Gold. -108.6K or less, CALL on Gold.
  5. U.K. Construction PMI: Tuesday, 09:30. Exp. 51.3. 51.6 or more, CALL on Gold. 50.5 or less, PUT on Gold.
  6. U.S. Factory Orders: Tuesday, 15:00. Exp. 2.1%. 3.0% or higher, PUT on Gold. 0.8% or lower, CALL on Gold.
  7. U.K. Services PMI: Wednsday, 09:30. Exp. 54.6. 55.2 or more, CALL on Gold. 54.4 or less, PUT on Gold.
  8. Euro Zone Retail Sales: Wednesday, 10:00. Exp. 0.4%. 0.5% or higher, CALL on Gold. -0.8% or lower, PUT on Gold.
  9. U.S. Unemployment Claims: Thursday, 13:30. Exp. 345K. 349K or more, CALL on Gold. 343K or less, PUT on Gold.
  10. U.S. ISM Non-Manufacturing PMI: Wednesday, 15:00. Exp. 54.3. 54.7 or more, PUT on Gold. 53.5 or less, CALL on Gold.
  11. Euro Zone Minimum Bid Rate: Thursday, 12:45. Exp. 0.50%. 0.75% or higher, CALL on Gold. 0.25% or lower, CALL on Gold.

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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 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.

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