Weekly Top 5 Binary Options Trading Market Moves 4/8-15/2013
The Must Watch Top 5 Events of the Week
1. Ben Bernanke’s Speech
04/08/2013 – Monday 11:15 pm GMT
What will it affect: S&P 500, DOW JONES, USD
Forecast: no forecast is made for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters, CNBC
Why traders care and what to expect: FED Chairman Ben Bernanke is scheduled to speak at the Bank of Atlanta Financial Market Conference named “Maintaining Financial Stability: Holding a Tiger by the Tail”. Almost all speeches of Central Bank leaders create a lot of volatility in the market, and with such a flamboyant name, I think we might see some fireworks. However, the late GMT hour and the fact that European markets are closed can limit the movement on currency pairs involving the greenback
Directional bias: UP if the Chairman is hawkish in his attitude
DOWN if the Chairman is dovish in his attitude
How I would trade this event: If the event generates strong movement, I would wait for the end of Ben Bernanke’s speech and a clear direction before trading
2. FOMC Meeting Minutes
04/10/2013 – Wednesday 6:00 pm GMT
What will it affect: USD, S&P 500, DOW JONES
Forecast: no forecast is made for this type of event
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: The Meeting Minutes offer in-depth insights on the reasons that determined the Rate decision vote. The Federal Open Market Committee might also offer hints through the Minutes regarding future Interest Rate developments
Directional bias: UP if the Meeting Minutes are more hawkish than expected
DOWN if the Meeting Minutes are more dovish than expected
How I would trade this event: I would buy an hourly Put on S&P 500 if the Minutes contain dovish information
3. Australian Employment Change
04/11/2013 – Thursday at 1:30 am GMT
What will it affect: AUD
Forecast: -7.2K from a previous of 71.5K
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters,
Why traders care and what to expect: The indicator measures the change in the number of employed persons compared to the previous month (it does not show the total number of Australian employed people). Higher employment numbers suggest a higher spending capacity and it usually strengthens the currency because it also increases the inflationary pressure and this can determine the central bank to increase the interest rate in order to counter inflation
Directional bias: UP if the number is higher than -7.2K
DOWN if the number is lower than -7.2K
How I would trade this event: I would place 15 minute Calls on AUD/USD if the actual value is higher than 25K
4. US CORE Retail Sales
04/12/2013 – Friday at 12:30 pm GMT
What will it affect: S&P 500, DOW JONES, some US stocks, USD
Forecast: 0.2% from a previous of 1.0%
Where to keep an eye on the event: CommuniTraders, Forex Factory, DailyFX, Bloomberg, Reuters
Why traders care and what to expect: Consumer spending is vital to the US economy and this indicator is the primary gauge for measuring it. The sales at a retail level make up for about two thirds of all consumer spending and it is known to have a hefty impact on the market. The CORE indicator doesn’t include in its calculation the automobile sales.
Directional bias: UP if the value is higher than 0.2%
DOWN if the value is lower than 0.2%
How I would trade this event: I would place a Put on DJIA if the value will be lower than zero
5. US CORE Producer Price Index
04/12/2013 – Friday at 12:30 pm GMT
What will it affect: USD, DOW JONES, S&P 500 some US Stocks
Forecast: unchanged 0.2%.
Where to keep an eye on the event: CommuniTraders, Bloomberg, Reuters, Forex Factory, DailyFX
Why traders care and what to expect: The indicator measures the change in the price charged by producers for their finished goods and it’s a leading indicator of inflation. If producers charge more for their goods, this higher price will eventually be paid by the consumer. A declining PPI is often indicative of a slowing down economy. The CORE indicator doesn’t take into account the food and energy sectors.
Directional bias: UP if the actual number is higher than 0.2%
DOWN if the actual number is lower than 0.2%
How I would trade this event: I would buy an hourly Call on EUR/USD if the value will be lower than 0.2%
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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.