An 'Easy Like Sunday Morning' Evening News Trade
Did you know that each month the Australia and New Zealand Banking Group Limited (ANZ) not only keeps track of how many jobs are advertised on the Internet and in six different newspapers, but they release a report detailing their findings?
They do, and because of this, it gives you an opportunity for a Sunday evening trade; a perfect way to wind down your weekend!
These reports are both released at 7:30 p.m. Sunday, March 8, 2015. They are both listed as being of low importance as far as how much they might affect the trading happening at that time. However, it is a Sunday evening, so trading is probably relatively light at that time anyway.
ANZ reported in January that they had experienced fifteen consecutive months of higher trends of job advertisements. Even though newspaper job ads continue to decline, internet job ads continue to rise making for an increase overall. (http://www.anz.com/)
Last month the newspaper job advertisements per week were down 6.7 percent. The previous reading for the internet job advertisements for last month came in at 1.5 percent.
How To Trade This News Report
Since Nadex opens Sunday evenings at 6:00 p.m. EST, you will want to be ready to enter an Iron Condor trade on the AUD/USD with an expiration time of 11:00 p.m. EST. Remember to buy a lower spread and sell an upper spread having the ceiling of the lower spread equal to the floor of your upper spread. You are looking for a minimum profit of $30.
If you would like to read another article to better understand how to trade Iron Condors into News Releases, see Iron Condors for News Trades using Nadex Spreads. For even more helpful informative education, go to www.apexinvesting.com.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
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