Gold Binary Options Weekly Setup January 2–6 2012

Trading Binary options can be done on currencies, oil, stocks and gold. In this weekly section we will be focusing on gold binary options. This week, starting January 3rd brings us amazing trading opportunities.

This week there are 6 events that can produce trading opportunities on gold binary options, and a unique Holiday season Bonus Offer from 24option.comfor BOCrunch gold binary option traders.

These are the events for this week (all times are GMT) :

  1. U.K. Manufacturing PMI: Tuesday, 09:30. Exp. 47.4. 49.1 or more, CALL GBP/USD.  42.9 or worse, PUT GBP/USD.
  2. U.S. ISM Manufacturing PMI: Tuesday, 15:00. Exp. 53.3. 55.3  or more, CALL USD/JPY.  51.6 or less, PUT USD/JPY.
  3. U.K. Construction PMI: Wednesday, 09:30. Exp. 51.9. 53.9 or more, CALL GBP/USD.  50.1 or worse, PUT GBP/USD.
  4. U.K. Services PMI: Thursday, 09:30. Exp. 51.6. 52.9 or more, CALL GBP/USD.  50.7 or worse, PUT GBP/USD.
  5. U.S. Unemployment Claims: Thursday, 13:30. Exp. 375K. 385K or more, CALL on Gold. 368K or less,PUT on Gold.
  6. German Factory Orders: Friday, 11:00. Exp. -1.6%. 5.4%  or higher, CALL EUR/USD. -3.4% or lower, PUT EUR/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 89%. 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 89%. If it closes above, you’re left with 10%.

For GBP/JPY Binary Trading, read our weekly GBP/JPY binary options setup.

Read more on Gold and other commodities at TradingNRG.

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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