Weekly Binary Trading Overview Analysis and Schedule
Hey Traders, for those of you with us in Binary Lab, and on my mailing list (join my mailing list here) you will know that the good conditions identified in last week’s analysis only lasted a day, and thereafter, we had a challenging week of rough market conditions.
This week’s market overview analysis is much more detailed and also explains how to deal or avoid late-last week’s activity, which I’m already seeing semblances of today, when I made the analysis video in US session, instead of the usual Europe session.
Key Events To Watch For This Week
No trading on US Monday morning as it’s Martin Luther King’s memorial holiday. Key events to watch out for, are the British Governor and Prime Minister speeches on Tuesday as GBPUSD has broken the 72-day low and setting this year’s low. Any news on policy change or restructure could alter, or continue the impending down trend. Other than that, the main focus will be the Fed events on Wednesday afternoon, New York time. This will probably mute the effects of the Bank of Canada interest rate decision the same day morning. If there’s anything else to watch for, it will be thursday’s ECB policy statement.
Trading Analysis and Notes on Ways to Trade This Week
Watch the detailed video analysis this week on the behaviours of the main pairs and how to deal with the markets.
I will be demonstrating LIVE how to handle these conditions on this week’s webinars for which you can find the schedule below.
All times in Eastern Standard Time (GMT -5), New York Time.
Monday – No AM session (Martin Luther King’s memorial day) PM session at 8pm (Asian Open)
Tuesday – Julian’s Birthday Off-Day.
Wednesday – 3am (London Open), 815 (NY Open)
Thursday – Skipping over ECB conference. No AM session. PM session at 9pm (Asian session.. China GDP Stats)
Friday – Skipping over FOMC speech.
Additional comments: Quite a bunch of news this week. That should bring more volume to the markets. However, there are a bunch of events that could swing the markets quite erratically, as I would explain in the video in the previous section, and thus I would rather avoid them.
Founder, The Binary Lab
P.S. If you have questions on Binary, beware the many “fake Julian Wong” Facebook profiles out there looking to con newbies with ridiculous promises like $2,000 to $22,242 in 4 days. Binary Lab is actually FREE to join, and I DO NOT offer any trading services. The best way is to contact is at my fb page at http://facebook.com/thebinarylabpage by leaving a message.