Trading The Employment Changes In Australia
With Nadex opening up its membership to 49 countries all over the world, trading various news reports is even more exciting.
On Wednesday, March 11, 2015, at 8:30 p.m. EST, the Australian Bureau of Statistics will release four reports pertaining to employment in that country.
The one with the biggest effect on your trading is the Employment Change report. This report measures any change in the number of people employed. This is important because if people are not working, then they are probably not spending, and that affects the economy. Last month the reading was -12,200.
The forecast for this month is 15,000. If the report comes in higher than expected, it should be regarded as negative for the AUD. If it is lower than expected, it should be taken as positive.
The Unemployment Rate reports the number of unemployed people who are actively seeking employment during the last month. The previous reading was 6.4 percent and the forecast is 6.3 percent.
The Participation Rate report tells the number of people who have found a job or are looking for a job. It does not count those who are still actively looking for one. Readings are forecast to stay the same as last month at 64.8 percent.
The Full Employment Change report is interesting in that it outlines the conditions where all available labor resources are being used in the most efficient way. Economists usually say this is the acceptable level of unemployment above zero percent as it results in workers who are in between jobs and are still part of the work force.
All of these reports can be traded in one strategy, the Iron Condor. Using Nadex Spreads in countries all over the world, you will want to buy at least one lower spread and sell at least one upper spread on the AUD/USD. Make sure that you buy and sell equal quantities on each side, so if you buy five lower spreads, you will sell five upper spreads.
The ceiling of your lower spread needs to be equal to the floor of your upper spread. You can enter as early as 7:00 p.m. EDT with an expiration of 9:00 p.m. EDT with a minimum profit of $35.
If you would like further information or educational help, visit www.apexinvesting.com.
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