During economic releases, the currency markets usually become very active; and with Nadex, there is a binary option for all of these markets. In the Asian markets, if you had wanted to trade the Australian Employment report, then you could have chosen between the two AUD (Australian dollar) pairs. If you would rather trade the Bank of Japan’s statement, four JPY pairs are offered (Japanese yen).
If Europe is your preferred market and you were watching the CPI, then you may choose one of the three EUR pairs (euro); or if the Bank of England interests you, then perhaps you would find one of the three GBP (Great Britain pound) pairs suitable.
Finally, if you are wanting to trade the reports from the United States, six crosses with the U.S. dollar (USD) are available.
These options give traders in any time zone and with any work schedule the opportunity to participate in the currency markets worldwide. Let’s look at a quick example, keeping in mind that this is not intended as a trade recommendation, just as an illustration. If you were specifically interested in the Bank of Japan announcement, you would have four pairs from which to choose.
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