Next week’s trading opportunities for binary options traders :
There will be a number of opportunities next week, and this article will touch on the economic and monetary events that can give a trader specific opportunities. The specific events listed, will create binary option opportunities, where a trader can either purchase above or below options or hit or miss options around the specific time of the events.
On Tuesday the 23rd of January, US Consumer confidence will come out at 10 AM EST. This leading indicator will help traders determine if confidence is rising as the US equity markets are now vibrating. A better than expected number will probably push the markets higher. Look for the S&P 500 index to move on this number. Current estimates for this index are 54.6.
On Wednesday, the 24th of February, keep an eye on the Department of Energy (Energy Information Administration), release of inventory data. This data point comes out at 10:30 AM EST, and always has some effect on the Petroleum markets. The release can be viewed on (www.eia.doe.gov) . Estimates are not available yet, but should be available by Monday afternoon. This is a weekly number that lists total inventory for Crude Oil, Heating Oil and Gasoline. It also lists demand for products which include, Heating Oil, Gasoline, and Jet Fuel.
On Wednesday the 24th of February, European Monetary Union Industrial Output will be released at (10 GMT). With the Euro currently on the ropes, it will be important for shorts to keep an eye on growth numbers in the EMU. If the numbers are better than expected, the Euro could bounce from the current slide. The market expects a month over month decline of -1.2%.
On Thursday the 25th of February, the Department of Energy will release inventory data on Natural Gas. Natural gas inventories have been declining and the trajectory is continuing to be faster than the declines last year. The estimate for declines for next week should be available on Tuesday. This is a weekly inventory number that states the inventory in consuming and producing regions of the United States. Natural Gas is important for heating in the US and the largest manufacturing fuel in the United States. This number is released at 10:30 AM EST and will be a market mover.
On Friday the 26th of February, the United Kingdom will release 4th quarter Gross Domestic Product. With the UK slipping recently, the GDP report will be a key release for pound traders. The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The number will be released at 930 GMT and the consensus estimates for the GDP is .2%. This number will have an effect on GBP/USD.