The change in the number of home loans in Australia went down in February by 3.5 percent.
This report is released monthly and the report for March will come out this Thursday, April 9, 2015 at 9:30 PM ET. It is forecast to be a 3.1 percent increase in March and when actual is greater than forecast, it is good for currency.
The AUD/USD Is Estimated To Move 30 Pips
To trade this report, it doesn't matter which way the market goes, up or down.
Apex Investing tracks numerous and various scheduled news releases, and various markets reactions to them, going back 24 months. For this report it was found that the AUD/USD moves an average of 30 pips and then tends to pull back.
Iron Condor Strategy Is Made Up Of Two Spreads
For this estimated move, an Iron Condor setup with a profit potential of $30 is a potential trading idea. Traders using Nadex spreads can enter as early as 6:00 PM ET for an 11:00 PM ET expiration.
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