Traders can now use Binary Top site to access the economic calendar below and get information on all the important market updates as they happen. The economic calendar is a much used tool by major investment firms and most successful individual traders in binary options but in finance in general since it is the easiest way to track what is going on in the market. This great tool allows traders to pinpoint the exact time an event will happen, how important it is, what are the projections and which assets will it reflect on.

Binary Options Economic Calendar

Event trading can be highly lucrative since the market moves most predictably when major events occur. Drivers of the large market movements in binary options are the same as in any other trading art. Major monetary policy decisions, trade balance, GDP, inflation and other reports, Markit PMI indicators, consumer sentiment indicators … all these reports move the market since traders get more information on what is happening in the economy. Individual earnings calls for companies do the same. If the announced profit and revenue are predicted right, especially if the moves around consensus are significant, traders stand to earn huge returns, and what more important, returns that carry les risk since moves seem to be well directed depending on the report relative to market expectations.

A great example is the recent ECB QE announcement. While much of the QE expectations was already priced in the market, the surprise move by the European Central Bank to essentially print over 60 billion euros a month until it reaches its objective had predictable consequences. EURUSD fell to its lowest level in 9 years on the expectations ECB is depreciating the currency. On the other side, as QE boosted the expectations of nominal incomes in the future stocks rallied in response. So people who were entering positions by shorting the EUR before the policy announcement at 14:30, or even the day before stood to gain from such positions. It is similar with stocks and indices.