October is coming to an end and the last full trading week this month should be really exciting again. In any case, the event calendar for the upcoming trading week has some highlights that binary options traders should have on their radar. Can the euro continue its medium-term upward trend and remain above USD 1.30? Can the DAX break out of the sideways phase between 7,200 and 7,400 points? This trading week will be instructive in this regard. With binary options, you can flexibly benefit from short-term movements - regardless of whether you bet on rising or falling prices. In addition to classic up / down trading, trading strategies can also be implemented with binary options, including in strongly fluctuating markets due to important news events.
Trading opportunities in the coming trading week
The news calendar on forexfactory promises an exciting trading day with lots of important news, especially for Wednesday. The German Purchasing Managers' Index (PMI) and the Ifo Business Climate Index (Ifo Business Climate) start right in the morning. These two reports are likely to have a direct impact on the DAX and the EUR / USD exchange rate. In the afternoon, ECB President Draghi speaks to the German Bundestag and comments on the current situation of the euro.
Afterwards, the New Home Sales continues in the USA and finally, at 8.15 p.m., the important outcome of the meeting follows Federal Reserve, including key rate decision. It can be expected that the FED will keep the key interest rate at its historical low. However, the Fed's statement on the current economic situation and monetary policy will regularly lead to large price fluctuations in the markets in the coming months. On Thursday, the much noticed US unemployment claims (unemployment claims) and pending home sales will follow.
Profit from rapid price movements, whether rising or falling
All of these messages are correct "Market movers" that can potentially cause large, rapid price movements. The ideal conditions for using a profitable strategy for volatile markets. When implementing binary options, it is important to have a trading account with a broker that offers high yield options with returns over 200%, such as 24option. this page wishes you an exciting trading week and good luck in trading!
Weekly Outlook Binary Options
The dates of the week at a glance
Wednesday, October 24th, 2012
- 9: 30 a.m.CET: German Flash Manufacturing PMI
- 10 a.m.CET: German Ifo Business Climate
- 4 p.m. CET: ECB President Draghi Press Conference
- 4:00 p.m. CET: US New Home Sales
- 8:15 PM CET: US FED FOMC Statement
Thursday, October 25, 2012
- 2:30 PM CET: US Unemployment Claims
- 4:00 p.m. CET: US Pending Home Sales