BOTS Financial Calendar: Weekly Top 5 Binary Options Trading Moves 5/6-13/2013
The Must Watch Top 5 Events of the Week
1. Euro Zone Retail Sales
05/06/2013 – Monday at 09:00 am GMT
What will it affect: EUR, Euro Zone indices
Forecast: -0.1% from the previous of -0.3%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: The indicator represents the change in the total volume of sales at a retail level. Retail sales are a gauge of consumer confidence and a very important part of any economy. If the economic conditions are good, people will feel more confident and will spend more; this can also lead to inflationary pressures.
Directional bias: UP if the actual value is higher than -0.1%
DOWN if the actual value is lower than -0.1%
How I would trade this event: I would place hourly Calls on DAX if the actual value is above zero.
2. Reserve Bank of Australia Interest Rate Decision
05/07/2013 – Tuesday at 04:30 am GMT
What will it affect: AUD
Forecast: unchanged 3.0%
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Interest rate decision is a major event for a currency. Higher values usually strengthen it, while a decrease can weaken the currency. The RBA will probably keep the Rate unchanged but the Statement that accompanies the Decision can prove to be the real market mover. This statement contains insights about the economic reasons that influenced the Rate vote and offers hints about the future direction of the economy.
Directional bias: UP if the Rate is increased or if the Statement contains a hawkish outlook
DOWN if the Rate is decreased or if the Statement contains a dovish outlook
How I would trade this event: I would buy 15 minute Calls in sequence on AUD/USD if the Rate is increased or if the Statement is hawkish
3. Australian Employment Change
05/09/2013 – Thursday at 01:30 am GMT
What will it affect: AUD
Forecast: 11.5K from the previous of -36.1K
Where to keep an eye on the event: CommuniTraders, Forex Factory, Daily FX, Bloomberg, Reuters
Why traders care and what to expect: This indicator measures the change in the number of employed people during the previous month; it doesn’t represent the total number of employed people in Australia. A surge in employment is indicative of a thriving economy and potentially, a future increase in consumer spending. Higher numbers than anticipated usually strengthen the currency.
Directional bias: UP if the value is higher than 11.5K
DOWN if the value is lower than 11.5K
How I would trade this event: I would buy a 15 minute Put on AUD/USD if the number is lower than 7K
4. UK Official Bank Rate Decision
05/09/2013 – Thursday at 11:00 am GMT
What will it affect: GBP, FTSE
Forecast: unchanged 0.50%
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: Interest rate decisions are always a major event, regardless of the outcome. The rate can remain unchanged but this can still have an impact on the market. The Asset Purchase Facility will be announced at the same time (no change is expected from the previous of 375B). The APF is the total value of money the Bank of England will create in order to purchase assets in the open market with the purpose of stabilizing the currency.
Directional bias: UP if the Rate is increased or the APF is decreased
DOWN if the Rate is decreased or the APF is increased
How I would trade this event: If these 2 events create volatility, I will trade only after a clear direction is established.
5. Speech of Fed Chairman Ben Bernanke
05/10/2013 – Friday at 1:30 pm GMT
What will it affect: USD, US indices, US Stocks
Forecast: no estimate is given for this kind of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, Bloomberg, Reuters, DailyFX
Why traders care and what to expect: Speeches of central bankers, finance ministers and prime ministers have the potential to move the markets substantially. Ben Bernanke will deliver his speech at the Federal Reserve Bank’s 49th Annual Conference on Bank Structure and Competition, in Chicago. Strong movement can be generated by the event, depending on his attitude and topics discussed.
Directional bias: UP if the Chairman is hawkish
DOWN if the Chairman is dovish
How I would trade this event: I would wait for a clear direction before trading because the movement will probably hard to predict during his speech. If the event will not create strong moves, I will trade according to my usual strategy.
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***Note: The exact time, date and value for the release of the Earnings reports may change or it is not announced at the moment. It is possible that the date will be updated as well. Keep an eye on the mentioned financial websites for the actual release.
Note 2: The G7 Meetings start Friday and could create a difficult trading environment.