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Every month the Bureau of Economic Analysis releases the Trade Balance, which is the difference in value between imported and exported goods and services for the month. It will come out about 35 days after a month ends. If the actual number is greater than what was forecast, it is good for currency, so traders pay attention to this release.
For this news event you can set up a Straddle strategy using Nadex EUR/USD Spreads. The release comes out at 8:30 AM ET, Thursday September 3, 2015. Enter your trade as early as 7:00 AM ET with an expiration of 3:00 PM ET to give the market plenty of time to play out for your trade.
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A Straddle strategy involves two spreads, one on top and one on the bottom, literally to Straddle the underlying market. The upper spread is bought in case the market moves up and the lower spread is sold in case the market moves down. For this trade, based on analysis of past news events and market reaction, keep your risk to around $40.
How To Set Up For A Max Risk Of $40
You will want to buy the upper EUR/USD Nadex Spread for around $20 or less and sell the lower EUR/USD Nadex Spread for around $20 or less to manage your risk. The ceiling of the sold lower spread should be where the EUR/USD is trading at that time and the floor of the bought upper spread should be where the EUR/USD is trading at that time.
Trade Can Be Left On Until 3:00 PM ET
After this news event, you will have until 3:00 PM for the market to make its move. One side will most likely lose and the other will profit. A move of 40 pips in one direction will be break even and anything after that will be profit. Apex Investing has a news department that evaluates 12 - 24 months of market reactions after the events, looking for consistent market moves to determine high probability trades and strategies. To view the calendar, see www.apexinvesting.com. Nadex can be traded from 49 different countries.
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.