US Unemployment And Non-Farm Payroll Out Friday For Many Trade Opportunities

Friday, June 5, 2015 at 8:30 AM ET, the US Unemployment Rate and Non-Farm Employment Change are reported usually moving quite a few markets giving traders a number of trade opportunities. The Unemployment Rate is just that, the jobless rate expressed as a percentage of total work force out of work and seeking employment from the previous month. The Non-Farm Payroll is a number that tells the change in number of employed people during the previous month, excluding the farming industry, hence the use of the term Non-Farm. Both are indicators for the economy and influence monetary policy makers.

Six Markets To Trade On For These Events
The following markets can be traded using Nadex Spreads setting up Iron Condor Strategies:
AUD/USD
EUR/USD
GBP/USD
USD/CAD
USD/CHF
USD/JPY

Apex Investing has a news department which recommends trade setups based on analysis of market reaction on past reports from the last 24 months and minimum profit goals based on the last 12 months. To set up an Iron Condor, you want to buy an upper spread and sell a lower spread. The floor of the upper spread and the ceiling of the lower spread should meet where the then current underlying market is trading. Below is a chart showing the profit potential goal for your Iron Condor on each market. For example, to set up an Iron Condor using Nadex AUD/USD Spreads, you would buy the lower Nadex AUD/USD Spread for around $25 - $30 or more, and sell the upper Nadex AUD/USD Spread for around $25 - $30 or more.