AUD/USD weekly special report based on 1 Lot Calculation:
EVENTS:
- DURABLE GOODS ORDERS IN UNITED STATES IN AUGUST (THURSDAY, SEPTEMBER 26 AT 13:30 GMT+1). After a 9.8% increase in July economists expect Durable Goods Orders to fall 2.8% in August. If data comes in lower than expected, the US dollar could come under negative pressure, while the pair AUD/USD could rise in value. However, it could also decline.
- US GDP (Q2) THIRD READING (THURSDAY, SEPTEMBER 26 AT 13:30 GMT+1). This is the third reading for the third quarter and according to expectations, the increase of 3% could be confirmed. If, however, data comes in below expected 3%, it could be then expected the US Dollar to lose value, while the AUD/USD could increase.
- US PCE PRICE INDEX (FRIDAY, SEPTEMBER 27 AT 13:30 GMT+1). August PCE Price Index will show whether inflation continues to slow. The Fed’s latest economic projections put the annual rate of the price index falling to 2.3% by year-end and 2.1% by the end of 2025. If the Fed-preferred inflation data continued to show declines, the US dollar could then be expected to fall in value as the Fed would feel more comfortable cutting its benchmark interest rate going forwards.
- THE PEOPLE`S BANK OF CHINA (PBOC) INJECTING LIQUIDITY INTO BANKING SYSTEM: The People's Bank of China (PBOC) injecting liquidity into the banking system, as Australia and China are close trading partners. Therefore, developments in China's economy are currently having a significant impact on Australian markets.
- RESERVE BANK OF AUSTRALIA (RBA) KEEP INTEREST RATE UNCHANGED AT 4.35%: Reserve Bank of Australia (RBA) keep interest rate unchanged at 4.35%. In contrast, the U.S. dollar might weaken, as Federal Reserve policymakers forecast an additional 50 basis points rate cut by the end of 2024. This follows last week's aggressive 50 basis points cut to a range of 4.75–5.00%
AUDUSD, September 25, 2024
Current Price: 0.6880
|
AUD/USD |
Weekly |
|
Trend direction |
|
|
0.7300 |
|
|
0.7150 |
|
|
0.7000 |
|
|
0.6770 |
|
|
0.6720 |
|
|
0.6650 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,200.00 |
2,700.00 |
1,200.00 |
-1,100.00 |
-1,600.00 |
-2,300.00 |
|
Profit or loss in €² |
3,755.50 |
2,414.25 |
1,073.00 |
-983.58 |
-1,430.67 |
-2,056.58 |
|
Profit or loss in £² |
3,139.80 |
2,018.44 |
897.09 |
-822.33 |
-1,196.11 |
-1,719.41 |
|
Profit or loss in C$² |
5,642.45 |
3,627.29 |
1,612.13 |
-1,477.78 |
-2,149.50 |
-3,089.91 |
- 1.00 lot is equivalent of 100 000 units
- Calculations for exchange rate used as of 11:15 (GMT+1) 25/09/2024
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 the suggested one.
- Trailing stop technique could protect the profit