Canadian Wholesale Sales News Report

A report of medium importance is being released on Wednesday, January 21, 2015, at 8:30 a.m. ET. This is the Canadian Wholesale Sales Report. It is a report of the change in the total value of sales in Canada at the wholesale level. This is of medium importance as it will probably impact your trading if you are trading anything that is affected by the Canadian Markets.

Wholesale Sales is the leading indicator of consumer spending in Canada. The news report is being forecast to be released at 0.2 percent. Last month the reading was 0.1 percent. If the report comes out as higher than expected it should be regarded as bullish for the CAD side of your trade. On the flipside, if it comes in lower than expected consider it as bearish or negative for the CAD.

A good trade for this news report is an Iron Condor on the USD/CAD using Nadex spreads. You can enter as early as 8:00 a.m. for that 8:30 a.m. release. You will want an expiration of 10:00 a.m. to give your trade time to react to the news and then settle.

Remember that when you place an Iron Condor trade, you are buying a lower spread and selling an upper spread. You want the market to be in the middle of these two spreads. Also, the ceiling of the lower spread needs to be equal to the floor of the upper spread. Look for a minimum profit of $30.

If you would like more information on trading the news or courses offered at Apex Investing, 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, use key indicators and access the Apex Forum. The forum content is updated daily and includes over 10,000 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.