Gold Binary Options Weekly Setup August 15-19 2011

Daily financial events open new and potential trading opportunities for binary options traders. Trading Binary options can be done on currencies, oil, stocks and gold. In new weekly section we will be focusing on gold. We will try and find the most relevant financial events that can work as signals for gold binary trading.

These are the events for this week :

* All times are GMT

  1. German GDP: Tuesday, 06:00. Exp. 0.5%. 0.7% or higher, CALL option on Gold. 0.3% or lower, PUT option on Gold.
  2. U.S. Building Permits: Tuesday, 12:30. Exp. 0.61M. 0.63M or more, PUT Gold. 0.51M or less, CALL Gold.
  3. U.S. Unemployment Claims: Thursday, 12:30. Exp. 403K. 406K or more, CALL on Gold. 398K or less, PUT on Gold.

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

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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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