By Darrell Martin
Statistics Canada provides a trade opportunity monthly with the monthly release of their Gross Domestic Product. Most countries release this information quarterly. GDP is a huge measure and gauge for the economy’s health, so traders take notice. The Canadian GDP is the change in inflation-adjusted value of all goods and services, produced by the Canadian economy since the previous month’s report. The report comes out at 8:30 AM ET, Tuesday, June 30, 2015.
A trade recommendation for this news event includes the USD/CAD and Nadex Spreads. You want to use an Iron Condor, low risk neutral strategy. Buy a lower Nadex USD/CAD spread and sell an upper Nadex USD/CAD spread. Be sure the ceiling of your lower bought spread and the floor of your upper sold spread come together, and are where the then current USD/CAD underlying market is trading. You want a profit potential of $25 or more. So each spread side of your Iron Condor should cost you around $12 - $13 or more. Enter as early as 8:00 AM ET for 10:00 AM ET expirations.
Wide Wing Span Of The Iron Condor Gives Low Risk
Apex Investing news department analyzes 12 - 24 months of market reaction to news reports. They look for consistent moves in the market and based on that choose strategy and profit potential recommendations. The Iron Condor has a wide wing span with the two spreads. For this trade the market can move in either direction 50 pips and still be a 1:1 risk reward ratio. Usually the market will make its move after the release and then pull back. The closer it pulls back to the center of your spreads the higher your profit potential.
For a complete calendar of news events to trade along with strategies see www.apexinvesting.com. To see a full Iron Condor trade step by step read The Awesomeness Of An Iron Condor by Darrell Martin. Nadex spreads can be traded from 49 different countries.