By Darrell Martin
Every month, the Conference Board (CB) for the United States surveys approximately 5000 households in order to come up with a Consumer Confidence rating. The results are announced, and when they are, it provides a potential trading opportunity for Nadex spreads.
On Tuesday, December 30 at 10:00 AM, the report will be released. Therefore, an Iron Condor strategy can be setup as early as 9:00 AM on the EUR/USD with an expiration of 11:00 AM.
Traders look to Consumer Confidence, a level of a composite index, as a leading indicator of consumer spending, which accounts for a majority of overall economic activity in the United States. It is released the last Tuesday of the month.
The survey asks respondents to rate the level of current and future economic conditions, including availability of labor, business conditions and the overall economic situation. The last report for this year, 2014, will be December 30.
Below, one can see Consumer Confidence for the entire year and how it fluctuated. If the actual rating comes out and is greater than what was forecast, it is good for the currency.
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