Check Out This Evening Trade On Eurozone Inflation Data

Thursday, February 25, 2016, Eurostat will release percentage numbers for the Final Consumer Price Index (CPI) and the Final Core CPI. Italian Retail Sales numbers will also be released by Istat.

Eurostat, located in Luxembourg, provides the European Union with essential statistical information and Istat produces statistics for Italy. This news will all be released at 5:00 AM ET. Despite the early morning time of the release, this news is worthy of trading EUR/USD with a trade strategy entering the night before.

All three of these reports provide important numbers for reading inflation. However, these reports can create some implied volatility in the markets but can have a mild impact as the CPI Flash Estimate and German Prelim CPI have greater impacts being released 15 days earlier.

Using the Iron Condor strategy, one can put the trade on ahead of news as early as 11:00 PM ET Wednesday. This strategy uses day trader option spreads listed on Nadex. The spreads allow you to trade a range of the market in either direction as they have a floor and a ceiling.

To set up the trade, it's possible to go long a Nadex EUR/USD spread below where the market is trading but with the ceiling very close to or at where the market is trading, while going short a Nadex EUR/USD spread above where the market is trading but with the floor very close to or at where the market is trading.