By Darrell Martin There are a few reports that are released by governments that truly tell how the economy of a country is faring. On Wednesday, February 18, 2015, at 8:30 a.m. EST, the United States will release various reports that give traders a look into the economy.
The Building Permits and the Housing Starts Reports give traders a clue as to the strength and the demand in the housing market. When the economy of a country declines and heads into a recession, the construction industry is the first to weaken. However, it is one of the first to improve as the economy heals.
Producer Price Index (PPI) and Core PPI reports are also being released at the same time. These reports are leading indicators of consumer inflation.
If you would like to trade these news reports, look for an Iron Condor on the EUR/USD using Nadex Spreads. You can enter as early as 8:00 a.m. with an expiration of 10:00 a.m. The profit potential you want to go for is a minimum of $35 per trade.
If you need help to know how to set up an Iron Condor, you can reference this article: Iron Condors For News Trades Using Nadex Spreads.
For further help in your trading, visit www.apexinvesting.com, a service provided by Darrell Martin.