Employed and Unemployed Numbers for Australia Make For Trade Opportunity

Australian Bureau of Statistics will release employment and unemployment numbers on Wednesday, June 10, 2015, in the evening Eastern Time, at 9:30 PM to be exact. The Employment Change gives the change in number of employed people during the previous month, while the Unemployment Rate is a percentage of the total workforce that is unemployed and looking for work during the previous month. Both numbers are reported monthly and make for a trade opportunity using Nadex Spreads.

North American Derivatives Exchange

Nadex, which stands for North American Derivatives Exchange, is an exchange that has Spreads and Binaries which are derivatives of underlying markets. To trade the market after the release of these news reports, you want to look at AUD/USD. An Iron Condor strategy is recommended which is a neutral strategy good for when it is unknown which way the market will go.

Enter At 6:00 PM ET

To set up an Iron Condor buy a lower Nadex AUD/USD spread with the ceiling where the then current underlying AUD/USD market is trading. Next, sell an upper Nadex AUD/USD spread with the floor where the then current underlying market is trading. With this setup the ceiling of the lower bought spread should meet with the floor of the upper sold spread. You can enter the trade as early as 6:00 PM ET for an 11:00 PM ET expiration. The trade should have a profit potential of $35 or more.

It is anticipated that the market will react and make a move just after the numbers are released and then make a pull back. Since you will have a spread on both sides it won’t matter which direction the market goes. When it pulls back, the closer to the center of your Iron Condor it comes, the greater your profit. You can trade more contracts as well, as long as you trade the same number of contracts on each side of the Iron Condor. Apex Investing posts a news calendar weekly which lists all the recommended news trades and the strategies. If you want to learn more about how to trade the news and Nadex go to www.apexinvesting.com.