Durable Goods Reported Up In February, Down in March, Be Ready To Trade April Report

What do a jewelry box, washing machine, electronics and free weights all have in common? They are all considered durable goods by economic definition.

Laundry detergent to wash clothes in the washing machine must be repurchased when the bottle is empty, and therefore is a non-durable good.

Reported in February, total value of new purchase orders for Durable Goods edged up by 2.8%; however, in March it reportedly fell 1.4%. The Core Durable Goods, orders excluding transportation items, reported decreases in March 0.4%.

Reports Released Friday at 8:30 AM ET

This week, Friday, April 24, 2015, numbers are released for March orders. Both reports, the Core Durable Goods Orders and Durable Goods Orders will be released at 8:30 AM ET.

These reports are leading indicators of production. If the actual number released is greater than the forecast number, it’s good for currency. To trade this news event, you can use an Iron Condor strategy using Nadex Spreads.

Trade Spreads at North American Derivatives Exchange for This Event

At Nadex, North American Derivatives Exchange, people from 49 different countries can trade Stock Indices, Forex and Commodities with spreads and/or binaries.

To trade this event, however, it is recommended to trade the EUR/USD using Nadex spreads entering as early as 8:00 AM ET for a 10:00 AM expiration.

Looking for a profit potential of $25 or more, set up an Iron Condor by selling the upper spread and buying the lower spread. The upper spread floor and lower spread ceiling should come together and be where the current underlying market is trading when placing the trade.

With this strategy the market can go up or down.

Once it pulls back, that is the opportunity for profit. The closer it comes back to center between your spreads at expiration, the greater the profit.

For training on how to trade news events visit www.apexinvesting.com. A complete calendar of events and strategies is available.