By Darrell Martin
Australian Bureau of Statistics will announce employment data in two different reports this week at 7:30 PM EST Wednesday, February 11, making for an Iron Condor trade opportunity.
The first is the Employment Change, being the change in the number of employed people during the previous month. The second report is the Unemployment Rate, or percentage of the total work force that is unemployed and actively seeking employment during the previous month.
Both reports are released about 10 days after the previous month ends.
The Employment Change tells of job creation, a leading indicator for consumer spending which accounts for the majority of economic activity. The Unemployment Rate however is considered a lagging indicator but still an important signal of overall health of an economy.
At Apex Investing market movements after specific news releases for the last 24 months are tracked, looking for consistent moves in the market as well as an average in the movement on the number of pips.
Based on the information found, it is recommended to place an Iron Condor trade on the AUD/USD using Nadex Spreads entering as early as 7:00 PM EST for a 9:00 PM EST expiration. To place the trade find a Nadex Spread to buy with its ceiling being at the then current underlying market price and then sell a spread with its floor being at the then current underlying market price.
For this trade look for a $30 minimum profit potential as that has been the average move in the past. If you are unable to find a minimum of $30 profit, then don’t place the trade. Just after the news announcement the market will react and then tends to settle down. The closer it returns to the center of your Iron Condor the more profit you make.
A complete monthly news plan is available at Apex, to trade a variety of markets based on numerous news events. If you would like to learn more on how to trade Iron Condors or trade other news events, go to www.apexinvesting.com. Apex Investing Institute offers free education and free access to the Nadex Binary and Spread Scanner Analyzers. Member traders are invited to trade in the rooms, take advantage of trade signal services, have key indicators and access the Apex Forum. The forum content is updated daily and includes over 10,000 members. In a supportive learning community of seasoned as well as up and coming traders, traders of all levels learn how to trade Nadex binaries and spreads in depth, as well as futures, forex, stock and options, and gain an edge for successful trading overall.