The Fed To Release Resource And Production Numbers Friday

Resources utilized and the value of what is being produced by manufacturers, mines and utilities will be reported by the Fed come Friday this week.

The two reports, Capacity Utilization Rate and Industrial Production are released at 9:15 AM ET, Friday, August 14, 2015. The US Federal Reserve releases both each month and both were declining until the last report in July.

The release of these numbers can make for a trade opportunity. If the actual numbers released are greater than forecast, then it’s good for currency. However, for this trade the market doesn’t need to move in any particular direction.

Heck, it doesn’t have to move at all to profit.

These reports are indicators for economic activity. When the majority of resources are being used in production, manufacturers in turn raise prices to consumers, which can lead to inflation.

Employment and earnings are affected greatly by industrial production, which is total inflation adjusted output. The strategy recommended for the trade is an Iron Condor strategy using Nadex EUR/USD Spreads.

Find Your Nadex EUR/USD Spreads Easily Using Apex’s New Spread Scanner

To set up your trade, you can look for the spreads on the Apex Spread Scanner that can be accessed from the Apex website. The scanner is a quick, convenient way to find the spreads you need for the setup.

Entries can be filled immediately and stops can be managed with a stop trigger function. You will want to enter two spreads, a lower spread and an upper spread. The lower spread is bought and the upper spread is sold.

The ceiling of the lower bought spread should meet with the floor of the upper sold spread and be where the market is trading at the time.

Once you have your spreads picked out, enter them at the same time. You can enter as early as 8:00 AM ET for 10:00 AM ET expirations. If you would like to trade more contracts, you can, as long as you keep the same number of spreads on each side of your Iron Condor.

The EUR/USD market may or may not react and move after the news is released at 9:15 AM ET. If it does then it has been found to pull back, which for an Iron Condor is exactly what you want it to do. Set your Iron Condor up with a profit potential of $30 or more.

It’s important to meet all the setup requirements for the trade. If you’re not able to, then do not to force the trade. There may be times when you’re unable to find the right spreads with the right parameters.

The Market Doesn’t Have To Move For You To Profit

The Iron Condor strategy is a neutral strategy meaning it doesn’t matter which way the market moves. As long as the market comes back close to center, you can profit with the highest profit being made when the market price is directly in the middle of the two spreads.

Nadex can be traded from 49 different countries. To access the scanner or learn more on how to trade the news, Nadex, forex, futures or CFDs, visit our website at www.apexinvesting.com.