Sleep Trading--Almost That Easy!
As reported by Eurostat, the statistical office of the European Union, the volume of retail trade was down by 0.2 percent from February 2015 compared to January 2015.
However, if you compare February 2015 with February 2014, the retail sales index actually increased by 3.0 percent in the euro area and by 3.6 percent in the EU 28 (28 Countries that make up the European Union.)
On Wednesday, May 6, 2015, at 5:00 AM ET, the European Commission will release it’s Retail Sales report.
This report measures the evolution of the turnover in retail trade, adjusted for the price changes such as the total amount of goods sold, based on data adjusted for working day and seasonal effects.
It is the best indicator of consumer spending, which accounts for the majority of overall economic activity.
Forecast Down Again
Retail Sales are forecast this month to be down 0.7 percent, after being down 0.2 percent last month as mentioned earlier.
If the report comes out higher than expected, it should be regarded as positive or bullish for the EUR. If it is lower than expected, it should be taken as negative or bearish for the EUR.
A suggested overnight trade would be to find an Iron Condor on the EUR/USD entering as early as 11:00PM ET Tuesday, May 5, with a 7:00 AM ET expiration. The minimum potential profit you want is $25.
When placing an Iron Condor, buy at least one EUR/USD Nadex Spread contract and sell an equal amount of EUR/USD Nadex Spread contracts. All contracts must have the same expiration time.
Buy the lower spread and sell the upper spread before you go to bed the night before and then check out what happened in the morning.
This type of trade has low enough risk so that if you find the right contracts, you can enter the trade before you go to bed and sleep right through it! Trading like this is easy!
To further your trading education, visit 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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