The week of May 18th, brings 15 new market events for forex binary traders. Pay special attention to the German ZEW Economic Sentiment on Tuesday, may have an effect on the EUR/USD.
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Let’s review the events. All times are GMT.
- Japanese Core Machinery Orders: Published on Monday at 00:50 GMT. The market expects a score of 1.7%. If the outcome is 1.9% or higher, PUT on USD/JPY. If the result is -0.6% or lower, CALL option on USD/JPY.
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- Swiss Retail Sales: Monday, 08:15. Exp. -2.0%. –1.8% or higher, PUT USD/CHF. -2.9% or lower, CALL USD/CHF.
- U.S. NAHB Housing Market Index: Monday, 15:00. Exp. 57. 59 or more, CALL USD/JPY. 55 or less, PUT USD/JPY.
- New Zealand PPI Input: Monday, 23:45. Exp. -0.6%. -0.3% or higher, CALL NZD/USD. -0.8% or less, PUT NZD/USD.
- German ZEW Economic Sentiment: Tuesday, 10:00. Exp. 48.9. 53.6 or more, CALL EUR/USD. 48.6 or less, PUT EUR/USD.
- U.S. Building Permits: Tuesday, 13:30. Exp. 1.06M. 1.08M or more, CALL USD/JPY. 1.02M or less, PUT USD/JPY.
- Japanese Prelim GDP: Wednesday, 00:50. Exp. 0.4%. 0.6% or higher, PUT USD/JPY. 0.3% or lower, CALL USD/JPY.
- Canadian Wholesale Sales: Wednesday, 13:30. Exp. 0.3%. 0.5% or higher, PUT USD/CAD. -0.5% or lower, CALL USD/CAD.
- French Flash Manufacturing PMI: Thursday, 08:00. Exp. 48.6. 48.9 or more, CALL EUR/USD. 47.7 or less, PUT EUR/USD.
- German Flash Manufacturing PMI: Thursday, 08:30. Exp. 51.9. 52.4 or more, CALL EUR/USD. 51.6 or less, PUT EUR/USD.
- UK Retail Sales: Thursday, 09:30. Exp. 0.4%. 0.6% or higher, CALL GBP/USD. -0.7% or lower, PUT GBP/USD.
- U.S. Unemployment Claims: Thursday, 13:30. Exp. 267K. 269K or more, PUT USD/JPY. 262K or less, CALL USD/JPY.
- U.S. Philly Fed Manufacturing Index: Thursday, 15:00. Exp. 8.3. 8.9 or more, CALL USD/JPY. 7.2 or less, PUT USD/JPY.
- German Ifo Business Climate: Friday, 09:00. Exp. 108.3. 108.8 or more, CALL EUR/USD. 108.1 or less, PUT EUR/USD.
- UK Public Sector Net Borrowing: Friday, 09:30. Exp. 7.9B. 8.2B or more, PUT GBP/USD. 6.4B or less, CALL GBP/USD.
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These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.
Quick explanations:
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%.
The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.
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