Retail Sales Reports Create Trade Opportunity With Nadex Spreads
On Thursday, February 12, 2015, the Census Bureau will release the Core Retail Sales and Retail Sales reports.
Aren’t they the same?
The Core Retail Sales report is the change in the total value of retail sales excluding automobile sales. Apparently automobile sales tend to be very volatile; so the sales data on autos is kept out of the core report, but is included in the Retail Sales report.
Both reports are released monthly about 13 days after the month ends. These reports offer the earliest and broadest look at consumer spending which for the United States accounts for the majority of economic activity.
To trade these reports that come out on Thursday at 8:30 AM EST, it is recommended to use Nadex Spreads and set up an Iron Condor. Apex Investing analyzes 24 months of market moves after specific scheduled news releases looking for consistency in the number of pips moved after the news release.
For this scheduled news event you can trade the EUR/USD using Nadex Spreads buying a lower spread and selling an upper spread. You want to enter as early as 8:00 AM EST with an expiration of 10:00 AM EST for a minimum profit potential of $30. You can use the Nadex Spread Scanner on the Apex Investing website to easily find your spreads and determine the profit potential.