Trade Opportunity With Multiple Bank Reports Being Released From England

On Thursday, August 6, 2015 at 7:00 AM ET, the Bank Of England will be releasing four important reports regarding interest rates and money. The reports being released include:

• MPC Official Bank Rate Votes
• Official Bank Rate
• Asset Purchase Facility

MPC stands for Monetary Policy Committee and that committee votes on whether or not to increase interest rates. The MPC Official Bank Rate Votes reports the actual votes in an ‘x-x-x’ format. The first x is the number of votes to increase rates; the second is the number to decrease rates and the third x is the number of members voting to hold rates. The Official Bank Rate will be the actual interest rate at which the Bank Of England lends to financial institutions overnight. The Asset Purchase Facility is the the total value of money the Bank Of England will print to use to purchase assets in the open market. This was a program that was started in 2009 in response to the financial crisis of 2008.

With A Spread, You Can’t Profit Or Lose Past the Floor Or The Ceiling

All of these reports being released will create a trade opportunity to trade Nadex GBP/USD spreads with an Iron Condor strategy and a profit potential of $30 or more. You can enter your trade as early as 6:00 AM ET for 8:30 AM ET expiration times. You want to trade two spreads and enter them at the same time. Spreads have a floor and a ceiling and depending on if you buy or sell the spread, you can’t profit or lose past the floor or the ceiling.

For an Iron Condor, you will buy a lower spread with its ceiling being where the market is trading at the time and sell the upper spread with its floor being where the market is trading at the time. If you plot the spreads on a chart you will see they are stacked, with the lower at the bottom and the upper at the top. The ceiling and floor meet where the market is trading at the time of entry.

Market Is Most Likely To Pull Back After It Reacts

At 7:00 AM ET all the numbers will be released. The market will make its move and most likely will pull back. This was found to be the case based on previous reports and market reaction to them. The closer the market pulls back to between your spreads to the center, then the greater your profit with the highest profit being directly in the middle where the market started out. If you want to trade more spreads you can, just have equal number of spreads on each side and enter them at the same time. For a complete news calendar, see www.apexinvesting.com. Nadex is a US regulated exchange and can be traded from 49 different countries.