By Darrell Martin
On Tuesday, December 16, 2014, the United Kingdom has 14 news reports being released at 4:30 AM ET. All of these reports are released after the Bank of England Governor Mark Carney speaks at 4:00 AM. He is the head of the Bank of England’s Monetary Policy Committee which controls short term interest rates. His remarks can sometimes cause a positive or negative trend.
All 14 reports are related to the Price Index, whether it is Consumer, Producer, Retail or House. Some of them are monthly reports and some of them are yearly reports.
To trade this news event, look for an Iron Condor on the GBP/USD using Nadex Spreads. Remember that an Iron Condor is a strategy where you enter two contracts with the same expiration. Buy the lower contract and sell the upper contract having the floor of the upper equal to the ceiling of the lower. Enter as early as 11:00 PM December 15, 2014, with an expiration of 7:00 AM. You will want a minimum profit of $35.
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