Trading Nadex Iron Condor Into the News: AUD Home Loans

If you’re an evening trader, you probably get excited when there is a news event that you can trade. There aren't as many news reports released at night even though things are happening all over the world that affect our trading.

On Thursday evening, October 9, Australia will release the Home Loans report. This comes out at 8:30 PM. The Home Loans report indicates demand in the housing market because it tells of the change in the number of new loans given for owner-occupied homes. The forecast is 0.1%. Last month, the change was 0.3%. If it higher than expected, it should be regarded as positive or bullish for the AUD. Lower would mean negative or bearish.

Evening traders can look for an Iron Condor on a Nadex Spread on the AUD/USD entering as early as 6:00 PM. You will want the 11:00 expiration and a minimum profit of $30.

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