By Darrell Martin
Starting at 8:30 AM ET on Tuesday, December 23, 2014, the United States will release 11 news reports. There are several that deal with Durable Goods Orders and the Gross Domestic Product. These reports have the highest importance. Some of the reports are issued monthly and some are quarterly.
The Durable Goods Orders report tells of a change in the total value of new orders for manufactured goods. One report includes transportation items and one does not. Other reports, which have less impact on your trading, include or exclude defense.
The Gross Domestic Product measures economic activity, and is the primary indicator of the economy’s health. This report is issued monthly with three versions released a month apart. There is the advance, second release and the final release. The advance and the second release are considered preliminary to the final release. This month is a final release. The usual effect of this report is that if the actual reading is greater than the forecast, it is good for currency. The forecast for this report is 4.3 percent.
All of the other reports indicate that if the reading is higher than expected, it should be regarded as bullish for the USD. If lower, it is bearish.
Since all of these reports will affect the USD, you can find an Iron Condor using Nadex Spreads on the EUR/USD. You can enter as early as 8:00 AM ET with an expiration of 10:00 AM looking for a minimum profit of $30.
For more information on how to place an Iron Condor or other news trades, go to www.apexinvesting.com, a service provided by Darrell Martin. 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, have 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.