There are five opportunities with high volatile market reports this week. All five opportunities are on forex and, since they are high volatile reports, binary options and spreads are ideal to trade during these times.
5 Opportunities with High Volatile Market Reports
The first opportunity is tonight with the RBA Rate Statement and Cash Rate release at 10:30pm New York time. The potential candidate for trading this highly volatile report is using the AUDUSD binary options and spreads.
The second opportunity is on Wednesday when the BOC releases its BOC Rate Statement and Overnight Rate. The USDCAD is the currency to focus on. Additionally, I will do a webinar on how to trade the report at 9:30 am Wednesday morning. You can register for the webinar here.
Then the ECB Press Conference is scheduled for Thursday at 8:30am New York time. Potential trade candidates for this announcement are the EURUSD, EURJPY or even the EURGBP.
The last two opportunities with high volatile market reports are the CAD Unemployment Rate with the CAD Employment Change and the Non-Farm Employment Change reports. The CAD reports will predominantly affect the USDCAD and the Non-Farm Employment Change will affect any USD based currency. I am also doing a webinar on this highly volatile market report at 8am Friday morning.
The table below (courtesy of Forex Factory) shows the high volatility reports in the red box. Please note that all times are based on New York time.