Statistics Canada Releases Employment and Unemployment Info For Trade Opportunity

On Friday morning, April 10, at 8:30 AM ET, Statistics Canada will release its report which shows the change in employed people for Canada as well as the percentage of unemployed people looking for work during the last month. Employment, job creation and the jobless rate are leading indicators for consumer spending which greatly affects the economy. These scheduled news events can be traded using Nadex spreads. Nadex, which stands for North American Derivatives Exchange, is a regulated exchange to trade binary and spread contracts, derivatives of underlying markets. Nadex can be traded from 49 countries. For this scheduled news release, the spreads to trade are USD/CAD spreads. You want a profit potential of $35 using an Iron Condor setup. Buy a lower spread with the ceiling of the spread where the then current underlying market is, and sell an upper spread with the floor where the then current underlying market is located. Enter At 8:00 AM ET For A 10:00 AM Expiration The trade should be set up as early as 8:00 AM ET, with a 10:00 AM ET expiration. To find spreads with a $35 or more profit potential, there will need to be implied volatility in the pricing. Do not take the trade if there isn't enough profit potential. It was found by Apex Investing through 24 months of researching the market's reaction to this news release, that the market typically moves an average number of pips and then pulls back. This is exactly the desired market reaction for the Iron Condor strategy. The closer the market returns to center between the two spreads the higher the profit potential with the greatest profit being exactly in the middle at expiration. Market Can Move Approximately 70 Pips Up Or Down For 1:1 Ratio For example, if the lower spread is bought for $20 and the upper spread is sold for $15, and the market either stays in the middle of the two spreads until expiration, or moves and returns then max profit is made. If the market moves up $20 and remains there until expiration, then you profit $20 on the lower spread and lose $5 on the upper spread for a total net profit of $15. If the market moves up 35 pips then your net profit is $5. For a 1:1 max risk/reward ratio, the market could move up or down approximately 70 pips. Apex Investing researches many markets and scheduled news events and has a complete news calendar including recommended strategies to trade. To learn how to better trade the news, visit www.apexinvesting.com, a service of Darrell Martin.