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Monday, August 2, 2010

Binary Options Setups – August 2-6

Posted on August 1, 2010 by Yohay
Filed Under Forex Opinions | Leave a Comment

This week consists of quite a few market moving events that could provide opportunities for binary options trading. Here are 10 market moving events with potential market reactions and binary options setups.

Binary options can be used as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options can be used for trading on news events.�

You can trade binary options at StartOptions, a respected binary options provider.

I�ve selected the events and the setups based on study already done for the forex weekly outlooks, and the potential reactions to surprises. Some events collide with each other and could offset each other. These events weren�t selected.

Quick explanation:

CALL options � if the price closes above the price you purchased at expiry, you earn 75%. If it closes below, you�re left with 10%.PUT options � if the price closes below�the price you purchased at expiry, you earn 75%. If it closes above, you�re left with 10%.

OK, let�s review the events:

US ISM Manufacturing PMI: Monday 14:00 GMT. Market expectations currently stand on 54.3. 56.5 �or higher � PUT option on EUR/USD. 52 or lower, CALL option on EUR/USD.Australian rate decision: Tuesday, 4:30 �GMT. Market expects unchanged rate at 4.50%, a rise to 4.75% � CALL option on AUD/USD. A drop to 4.25% � PUT option on AUD/USD.British Services PMI: Wednesday 8:30 GMT. Market expects 54.6, a score of 57 or higher � CALL option on GBP/USD, 51 or lower � PUT option on GBP/USD.US ADP Non-Farm Employment Change: Wednesday, 12:15 GMT. Market expects +36K. 60K or higher, PUT option on EUR/USD, negative outcome, CALL option on EUR/USD.US ISM Non-Manufacturing PMI: Wednesday, 14:00 GMT. Market expects 53.3 points. A score of 55 or higher � PUT option on EUR/USD. Below 50 � CALL option on EUR/USD.New Zealand Unemployment Rate: Wednesday, 22:45 GMT. Market expects a rise to 6.2%. Below 6% � CALL option on NZD/USD. Above 6.8% � PUT option on NZD/USD.British rate decision: Thursday, 11:00 GMT. Market expects an unchanged rate at 0.5%. Any raise � CALL option on GBP/USD.US Unemployment Claims: Thursday 12:30 GMT. Market expects 456K. 480K or higher � CALL option on EUR/USD. Below 430K � PUT option on EUR/USD.Canadian Employment Change: Friday, 11:00 GMT. Market expects 10.3K. Above 30K � PUT option on USD/CAD. Negative number � CALL option on USD/CAD.US Non-Farm Payrolls: Friday, 12:30 GMT. Market expects a loss of 75K. A positive outcome � PUT option on EUR/USD. A loss of over 100K, CALL option on EUR/USD.

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

If you�re interested in binary options, you�re welcome to go to�StartOptions. They�re a leading binary options provider. This is how it looks on their screens:

For our subscribers only we worked a special deal and we got you a $300 free bonus on opening your account.

All you need to is deposit $1000 into your options account. Not spend. Just Deposit.

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Full Disclosure: I�m affiliated with StartOptions.

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Tags: ADP Non-Farm Employment Change,binary forex options,binary options,Employment Change,forex binary options,ISM Non-Manufacturing PMI,Manufacturing PMI,Non-farm payrolls,Services PMI,Unemployment claims,Unemployment Rate
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1 comment:

  1. AndreaApril 6, 2012 at 8:23 AM

    Awesome blog. You have made an excellent blog o share information about trading options and system. I am regular visitor and find this blog a great source of information. Thanks for sharing. Keep up the good work.
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