By Darrell Martin
Each month, various reports are released by various countries. Each of these reports indicate what is happening in a certain sector for that country at that time.
On Wednesday, October 15, 2014, at 8:30 AM the US will release nine reports that will have some effect on the markets.
Of those nine, three are of high importance:
Core Retail Sales
Producer Price Index (PPI)
Retail Sales
There are two with medium importance
NY Empire State Manufacturing Index
Core Producer Price Index (PPI).
All of these reports deal with consumer spending and inflation. Therefore, the reports will impact the USD. It is suggested to use an Iron Condor on a Nadex Spread as your strategy on the EUR/USD entering as early as 8:00 AM with an expiration of 10:00 AM. Your minimum profit target would be $30.
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