Forex Binary Options February 21-25

The upcoming week provides many important indicators that rock currencies. These provide opportunities to trade one hour  binary options. Here are the binary options setups for the upcoming week.

Binary options as an alternative for the regular stop loss, to defend against false breakouts, and naturally for news events. With more limits on regular forex trading, binary options can a great option. Let’s start:

Forex and other binary options can be used at StartOptions, a respected  provider which I’m working with.

The information for these news events has already been collected for the weekly outlooks available on the site, and the potential reactions to results which are significantly unexpected by the consensus of economists. Some events collide with each other and could offset each other. So, these events aren’t in the list.

Quick explanation:

• CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. 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 75%. If it closes above, you’re left with 10%.

Let’s review the events. All times are GMT.

1. Swiss Trade Balance: Published on Tuesday, at 7:15 GMT. The market expects a result of +1.3 billion. An outcome of 2 billion or more, PUT option on USD/CHF. 0.8 billion or less, CALL USD/CHF.
2. British Public Sector Net Borrowing: Tuesday, 9:30. Exp. -0.7 billion. -5 billion or less, CALL GBP/USD. +8 billion or more, PUT GBP/USD.
3. Belgian NBB Business Climate: Tuesday, 14:00. Exp. +4.4 points. +6 or more, CALL EUR/USD. +2 or less, PUT EUR/USD.
4. US CB Consumer Confidence: Tuesday, 15:00. Exp. 1.5 points. +65 or more, CALL USD/JPY. 55 or less, PUT USD/JPY.
5. Japanese Trade Balance: Tuesday, 23:50. Exp. +0.7 trillion. +0.4 or less, CALL USD/JPY. +1 or more PUT USD/JPY.
6. Swiss PPI: Wednesday, 8:15. Exp. +0.1%. +0.6% or more, PUT USD/CHF. -0.3% or less, CALL USD/CHF.
7. British MPC Meeting Minutes: Wednesday, 9:30. If 3 voted for a rate hike, CALL GBP/USD. If only 2, PUT GBP/USD.
8. European Industrial New Orders: Wednesday, 10:00. Exp. -0.8%. +0.1% or more, CALL EUR/USD. -2% or less, PUT EUR/USD.
9. US Existing Home Sales: Wednesday 15:00. Exp. 5.30 million. 5.7 or more, CALL USD/JPY. 4.6 or less, PUT USD/JPY.
10. Australian Private Capital Expenditure: Thursday, 00:30. Exp. +2.2%. +5% or more, CALL AUD/USD. +1% or less, PUT AUD/USD.
11. Swiss Employment Level: Thursday, 8:15. Exp. 4.1 million. +4.12 or more, PUT USD/CHF. 4.05 or less, CALL USD/CHF.
12. British CBI Realized Sales: Thursday, 11:00. Exp. 30 points. 37 or more, CALL GBP/USD. 24 or less, PUT GBP/USD.
13. US New Home Sales: Thursday, 15:00. Exp. 333K. 370 or more, CALL USD/JPY. 275 or less, PUT USD/JPY.
14. Japanese Tokyo Core CPI: Thursday, 23:30. Exp. -0.3%. +0.1% or more, PUT USD/JPY. -0.5% or less, CALL USD/JPY.
15. British GfK Consumer Confidence: Friday, 00:00. Exp. -27. -35 or less, PUT GBP/USD. -22 or more, CALL GBP/USD.
16. British GDP: Friday, 9:30. Exp. -0.5%. -0.3% or more, CALL GBP/USD. -0.6% or less, PUT GBP/USD.
17. Swiss KOF Economic Barometer: Friday, 10:30. Exp. 2.08 points. 2.20 or more, PUT USD/CHF. 1.99 or less, CALL USD/CHF.
18. US GDP: Friday, 13:30. Exp. 3.3%. 3.6% or more, CALL USD/JPY. 2.9% or less, PUT GBP/USD.

Source: forexcrunch

Forex – GBP/USD Up At The End Of U.S. Session

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on Retail Sales.

GBP/USD was trading at 1.6253, up 0.49% at time of writing.

The pair was likely to find support at 1.5982, Monday’s low, and resistance at 1.6263, today’s high.

Earlier in the day, official data showed that retail sales in the U.K. rose more-than-expected to a seasonally adjusted 1.90% last month, from -1.40% in the preceding month whose figure was revised down from -0.80%.

Analysts had expected retail sales to rise 0.50% last month.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.12% to hit 0.8424 and GBP/JPY rising 0.34% to hit 135.21.

Source: dailymarkets

Forex reserves dip $752-mn to $ 298.66-bn

MUMBAI: Country's foreign exchange reserves declined by $752-million to $298.663-billion for the week ending February 11, the Reserve Bank said on Friday. 

India's total foreign exchange reserves had stood at $299.415-billion the previous week. 

Foreign currency assets, the biggest component of the foreign reserves were down $707-million for the week ended February 11, the Reserve Bank said in its weekly data released this evening. 

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said. 

The value of country's gold reserves remained unchanged at $21.92-billion, the apex bank data said. 

Both the special drawing rights (SDRs) and reserve position in the IMF also declined during the reporting week. 

The SDRs were down $31-million to $5.124-billion while India's reserve position in the IMF declined $14- million to USD 2.247-billion, the RBI data showed.


Source: economictimes.indiatimes.com