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The Office for National Statistics in Great Britain will be busy releasing the following reports on Wednesday, May 13, 2015 at 4:30 AM ET. This will present a trade opportunity for the night before at 11:00 PM ET.
Various Reports Include:
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- Average Earnings Index
- Claimant Count Change
- Unemployment Rate
All three reports have to do with employment in Great Britain. Average Earnings Index is the change in the price businesses and government pay for labor, including bonuses.
Claimant Count Change, just like the name suggests, is the change in the number of people claiming unemployment related benefits from the previous month.
The Unemployment Rate is the percentage of total work force that is unemployed and seeking employment during the last three months. All three reports are released monthly.
Straddle The Market
It’s recommended to use a straddle strategy using Nadex Spreads. To set up a straddle you would effectively straddle the current underlying market using two Nadex GBP/USD Spreads.
You want to buy the upper spread and sell the lower spread with the upper spread’s floor being the same as the lower spread’s ceiling. The then current underlying market should be as close to between the two spreads as possible. For this trade you can enter as early as 11:00 PM ET the night before on Tuesday, for a 7:00 AM ET Wednesday expiration.
Maximum risk should be $40. Either way the market goes you have limited risk.
To learn more on how to trade the news and for a complete calendar with strategies visit www.apexinvesting.com.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.