A Trade Tip For Import Export News Out Of The UK

Every country imports and exports goods and the difference in value between the two is the country’s trade balance. If the trade balance number is positive, then more goods were exported than imported. The Office for National Statistics for the UK is releasing the Trade Balance at 4:30 AM ET, Tuesday, February 9, 2016.

The trade balance is directly linked to currency because when there is high demand for a country’s exports, there is high demand for the country’s currency. All exports must be paid for with the said country’s currency.

This kind of news can make for a good Iron Condor trade. The market may make a move and then pull back. There may be implied volatility in the market. These market conditions can make for an opportunity using Nadex spreads to set up for an Iron Condor strategy. 

The bid selling price and offer buying price are just to the outside of the center. Then, the risk/reward column for selling the spreads is on the left and for buying the spreads it is on the right.

If the market moves in one direction, one side of the spread will profit and as it pulls back, then the other side can profit. With a $35 profit potential, the market can move 35 pips up or down and within that area.