Evening Strategy For Trading Three Reports Including UK Trade Balance

Three news reports regarding the UK are scheduled for release this coming Friday, March 11, 2016, at 4:30 AM ET, including:

• Trade Balance
• Construction Output
• Consumer Inflation Expectations

This makes for an Iron Condor trade opportunity using Nadex spreads to trade GBP/USD. This strategy, using spreads, allows you to enter as early as the night before, Thursday, at 11:00 PM ET, for 7:00 AM ET expirations. 

With Spreads You Can Buy Below The Market And Sell Above The Market

With this strategy, you are buying below the market and selling above the market. You are looking for the market to make a move, so one side will profit, and then when the market pulls back, the other is set to profit.

Alternatively, the market can stay right where it was at entry, or close to it, and you can profit.

Traders can buy a Nadex GBP/USD below the market, but with the ceiling being where the market is trading at the time, and sell a Nadex GBP/USD above the market, but with the floor being where the market is trading at the time.