The Strength Of The US Housing Market = Overall Economic Strength

Around the 25th of each month the National Association of Realtors (NAR) releases the Existing-Home Sales report. This is a report that includes both national and regional data for 12 months and annual totals going back three years on existing-home sales price and volume. This pertains to single-family homes, condos and co-ops. (http://www.realtor.org/topics/existing-home-sales/data)

The report will be released on Monday, February 23, 2015, at 10:00 a.m. EST. If the US public is buying more existing homes, then that can be a clear indicator that the economy is gaining strength. If this report releases a higher than expected reading, it should be regarded as bullish for the USD side of your trade. If it comes out lower than expected, it should be taken as bearish. The previous report was 5.04 million and the forecast for Monday’s release is 5.03 million.

To trade this report, look for an Iron Condor on the EUR/USD using Nadex spreads. You can enter as early as 9:00 a.m. EST with an expiration time of 11:00 a.m. EST. For the Iron Condor Strategy, buy a lower spread and sell an upper spread with the same expiration time. Make sure that the ceiling of the lower spread is equal to the floor of the upper spread and that is equal to the current underlying market price.

Your minimum profit potential on this trade is $30. If you are unable to find a minimum of $30 profit, then do not place the trade. Usually, the market will react just after the news is released and then settle down. The closer it returns to the center of your Iron Condor, the more profit you make.

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