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Trading Nadex Spreads Into The News: Canadian Gross Domestic Product

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A Canadian News report with a high level of importance is being released at 8:30 AM ET on Tuesday, December 23, 2014. A high level means that it will probably have some impact on your trading day if you are trading any instrument associated with Canada.

This report is issued each month by the Canadian Government and is the primary indicator of the economy's health. It measures economic activity. It also shows the change in the value of all goods and services produced by the economy.

If the report comes out with a higher than expected reading, it should be regarded as positive or bullish for the CAD side of your trade. If it is lower, then it should be thought of as negative or bearish for the CAD. Last month’s reading came in at 0.4 percent. The forecast for this month is 0.1 percent.

The ideal trade for this news report might be an Iron Condor using Nadex Spreads on the USD/CAD entering as early as 8:00 AM.

The learn other trading strategies that you can add to your trading arsenal, go to www.apexinvesting.com, a service provided by Darrell Martin. Apex Investing Institute offers free education, and free access to the Nadex Binary and Spread Scanner Analyzers. Member traders are invited to trade in the chat rooms, take advantage of trade signal services, have key indicators and access the Apex Forum. The forum content is updated daily and includes over 9000 members. In a supportive learning community of seasoned as well as up and coming traders, traders of all levels learn how to trade Nadex binaries and spreads in depth, as well as futures, forex, stock and options, and gain an edge for successful trading overall.

Posted-In: Binary Options Education Eurozone Futures Commodities Options Forex Opinion

 

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