Trading Nadex Spreads Into The News: Conference Board Consumer Confidence

Consumer Confidence is the degree of optimism on the state of the economy that is shown in the way consumers spend and save in the United States. Each country analyzes their own economic trends. On Tuesday, October 28, 2014, the United States Conference Board will release their Consumer Confidence News at 10:00 AM.

This is based on the Consumer Confidence Index which is an interesting monthly calculation that began in 1967. It is benchmarked to 1985=100 because that year was neither a peak nor a trough, making it a perfect baseline year. The index is based on surveys of 5,000 households’ opinions on current conditions and future expectations of the economy. The Conference Board defines the Consumer Confidence Survey as “a monthly report detailing consumer attitudes and buying intentions, with data available by age, income and region.”

If the release generates a higher than expected reading, that would mean that it is positive or bullish for the USD. If it is lower than expected, that signifies that it is negative or bearish for the USD side of your trade. Consumer optimism leads to higher readings. Last month’s reading was 86.0 and the forecast for this release is 87.7.

If you would like to trade this News Event, you will want to look for an Iron Condor using a Nadex Spread with the EUR/USD for the instrument. An Iron Condor is where you buy a lower spread and sell an upper spread with the floor of the upper spread equal to the ceiling of the lower spread. Enter as early as 9:00 AM with an expiration of 11:00 AM. You will want to go for a minimum profit of $25.

There are other strategies you can learn to use when trading the news. To find out more information, 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 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.