EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
- THURSDAY, OCTOBER 24, AT 13:30 GMT+1: US WEEKLY INITIAL JOBLESS CLAIMS. The weekly trend in the number of initial jobless claims has been rising since the beginning of the year. This trend has highlighted the problems in the US labour market, as US unemployment rate is at a high level (4.1%). The last data on 17th October was at 241k. If the trend continues, the US dollar could be expected to come under negative pressure.
- THURSDAY, OCTOBER 31, AT 13:30 GMT+1: US PCE PRICE INDEX: The September PCE Price Index will indicate whether inflation is still decreasing. If the Fed's preferred inflation metrics continue to decline, it is possible that the US Dollar could weaken, as the Fed could feel more at ease reducing its benchmark interest rate in the future.
- THURSDAY, OCTOBER 31, AT 11:00 GMT+1: EUROZONE INFLATION (CPI) (SEPTEMBER): The Eurozone is scheduled to report the first reading of its CPI figure for the month of October. The last CPI inflation data came out at 1.7%. If it comes above the recent 1.7%, the data could support the value of the Euro.
- FRIDAY, NOVEMBER 1, AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (OCTOBER): The US labour market has seen some weakness over the past months, with the unemployment rate at a high level (4.1%). This is creating a headache for the US Federal Reserve ahead of the November meeting and next data could provide better clues as to whether the Fed might be more aggressive in cutting interest rates in the coming months. Another month of negative US employment data could keep the dollar under negative pressure.
- THURSDAY, NOVEMBER 7, AT 19:00 GMT+1: US FEDERAL RESERVE INTEREST RATE DECISION. Following the recent higher than expected U.S. retail sales data, markets have quickly adjusted to anticipate a rate cut approach at the November meeting. Investors are pricing in a 92% chance for a Federal Reserve rate cut in November. This cut could put the US dollar under negative pressure.
EURUSD, OCTOBER 18, 2024
Current Price: 1.08420
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.13000 |
|
|
1.11500 |
|
|
1.09300 |
|
|
1.07700 |
|
|
1.07500 |
|
|
1.07000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,580.00 |
3,080.00 |
880.00 |
-720.00 |
-920.00 |
-1,420.00 |
|
Profit or loss in €² |
4,223.51 |
2,840.27 |
811.50 |
-663.96 |
-848.39 |
-1,309.47 |
|
Profit or loss in £² |
3,510.52 |
2,360.79 |
674.51 |
-551.87 |
-705.17 |
-1,088.42 |
|
Profit or loss in C$² |
5,945.62 |
3,998.36 |
1,142.39 |
-934.68 |
-1,194.32 |
-1,843.40 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 09:15 (GMT+1) 18/10/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.