Today is a busy day for binary option traders, heading into tomorrow’s strong NFP.
GBP event at 11:00 GMT with the rate decision and statement.
There is a less than 1% chance for a change in U.K rate, but the statement can push the GBP currency to opportunity territory.
Good statement, meaning improved U.K economy, can create support for the GBP/USD, with a target of 1.53685 and then 1.54227. Disappointing report and the target should be 1.52718.
Unemployment claims from the U.S at 12:30 GMT.
This is the last labor event before tomorrow’s NFP and market reaction should be strong.
Ivey PMI from Canada at 14:00 GMT- trading the CAD currency.
Strong event for many binary traders because trading opportunity high after publication.
This survey could be underestimated if not practiced before.
Number above 50 points or above 55 points, which is the expected result, can support strongly the CAD currency and vice versa.
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Posted by Thomas Ellis