By Darrell Martin
At 8:30 AM on October 28, 2014, the United States will release four separate, but related, news reports. All of these reports are regarding Durable Goods and are issued monthly. Durable goods orders cover just about everything you can think of that is long lasting and manufactured. Some of the reports cover transportation items; some exclude those items. Some are concerning large manufacturing companies with $500 million or more in annual shipments while others involve smaller companies. The news releases range in importance from high to low. A higher than expected report should be regarded as bullish or positive for the USD. If it comes out lower than expected, it should be taken as bearish or negative for the USD.
The numbers below represent what is forecast for this month’s release and last month’s reading amounts for each report: Showing Forecast and Previous
Core Durable Goods Orders 0.6% 0.4%
Goods Orders Nondefense Ex Air 0.2% 0.4%
Durables Excluding Defense -0.40% -19.20%
Durables Goods Orders 0.7% -18.4%
To get the most from this trade, look for an Iron Condor using Nadex Spreads utilizing the EUR/USD. Remember, for an Iron Condor, choose to buy a lower spread and sell an upper spread. Have the ceiling of the lower spread equal with the floor of the upper spread. Enter as early as 8:00 AM with an expiration of 10:00 AM. Since the report is released at 8:30 AM, the 10:00 AM expiration should give your trade the time it needs to be profitable. The profit target for this trade is a minimum of $25.
To learn more about how to trade Nadex Spreads and Binaries with News Events, 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, have key indicators and access the Apex Forum. The forum content is updated daily and includes over 8000 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.