Trade The Australian Scheduled News For The Evening

On Monday evening, be ready to trade the AUD/USD as two scheduled news events will take place at 7:30 PM ET. Scheduled news events are a great time to trade the markets affected because markets react and show volatility at those times. Markets can also be tracked and analyzed for consistency in those reactions. That’s when strategies can be applied for high probability trades.

The Australian Bureau of Statistics will be releasing Building Approvals and the Current Account numbers. Building Approvals is the percentage change of new building approvals issued, which can be telling of economic activity in Australia. Government approval is necessary for construction and when approved and started, creates jobs for building contractors, subcontractors, and inspectors right down to different services. The other report, Current Account is the difference between imported and exported goods and services. It is directly linked to currency due to foreigners needing domestic currency to execute transactions.

Based on previous market reaction to previous reports released, it was found that a $30 or more profit potential, on an Iron Condor strategy, using Nadex AUD/USD spreads, sets up for a high probability trade. What you need are two Nadex AUD/USD spreads, spread out over the market. A spread is a range of a market and has a floor and a ceiling, and depending on which direction you trade it, you can’t lose past the floor or the ceiling. Buy a lower spread below the market but with the ceiling where the market is and sell an upper spread above the market but with the floor where the market is trading at the time.

You can look and enter the trade as early as 7:00 PM ET for 9:00 PM ET expirations. To find your perfect Nadex AUD/USD spreads while being logged into your demo or live Nadex account, access the Nadex spread scanner at www.apexinvesting.com.

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AUD_USD

For the right profit potential, look to the far left and right columns for the AUD/USD spreads with the correct ceiling, floor and expiration. The Risk/Reward column will tell you if the risk amount is adequate. You need each spread to have a Reward of $13 - $17 or more for a combined Reward potential of $30.

Depending on your exact entry after the news is released, the market can move 30 pips up or down and your trade will be at breakeven. You need the market to stay within that 60 pip range; anywhere in that range and you will profit. Max profit is the trade expiring and the market being right between your spreads.

For free education on trading Nadex, futures, forex and CFDs, go to www.apexinvesting.com. Nadex is an exchange regulated by the CFTC and can be traded from 49 different countries.