By Darrell Martin
Various news reports that have an effect on the Euro will be released Wednesday, January 7, 2015, at 5:00 a.m.
Some of these reports are the Consumer Price Index (CPI) Flash Estimate, the Core CPI Flash Estimate and the Unemployment Rate. All of the news reports are preliminary releases.
Consumer Price Index reports tell about changes in the prices of things purchased by consumers. If the reading is higher than expected, it should be regarded as positive or bullish for the EUR.
If lower than expected the opposite would be true. Core CPI is expected to remain the same at 0.7 percent, while the CPI is forecast at -0.1 percent, down from last month’s reading of 0.3 percent.
You can place your order as early as 11:00 p.m. Tuesday night with an expiration of 7:00 a.m. You want a minimum profit of $35. With an iron condor, you are buying an upper spread and selling a lower spread.
Ideally, the floor of the upper spread and the ceiling of the lower spread should be equal. If there is space between the two spread contracts, you are not covered between the floor and the ceiling which could result in loss.
For another article to help you better understand using Iron Condors for news trades, see Iron Condors for News Trades Using Nadex Spreads. For information on ways to trade or to sign up for courses, 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 chat rooms, take advantage of trade signal services, use key indicators and access the Apex Forum. The forum content is updated daily and includes over 9000 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.