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Tuesday, August 10, 2010

Binary Options Setups – August 9-13

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:

Canadian Housing Starts: Tuesday 12:15 GMT. Market expectations currently stand on 185K. 200K  or higher – PUT option on USD/CAD. 179K or lower, CALL option on USD/CAD.British Claimant Count Change: Tuesday, 8:30  GMT. Market expects a drop 17.4K, a drop of 25K or more – CALL option on GBP/USD. A positive number – PUT option on GBP/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.Australian Employment Change: Thursday, 1:30 GMT. Market expects +20.1. 40K or higher, CALL option on AUD/USD, negative outcome, PUT option on GBP/USD.US Unemployment Claims: Thursday 12:30 GMT. Market expects 465K. 480K or higher – CALL option on EUR/USD. Below 430K – PUT option on EUR/USD.New Zealand Retail Sales: Friday, 22:45 GMT. Market expects +0.6%. Above 1.2% – CALL option on NZD/USD. Negative number – PUT option on NZD/USD.German Prelim GDP: Friday, 6:00 GMT. Market expects a growth rate of 1.3% – 1.5% or higher – CALL option on EUR/USD. 0.6% or lower – PUT option on EUR/USD.European Flash GDP: Friday, 6:00 GMT. Market expects a growth rate of 0.7% – 1.2% or higher – CALL option on EUR/USD. 0.2% or lower – PUT option on EUR/USD.

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



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1 comment:

  1. Tee ChessFebruary 23, 2012 at 4:16 AM

    Thanks for the quick explanation that you have provided above about binary options setups. Its a profitable tool to earn money in few hours if the speculation goes in favor.
    binary options

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