EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
- THURSDAY, SEPTEMBER 26, AT 13:30 GMT+1: DURABLE GOODS ORDERS IN UNITED STATES IN AUGUST. Following a 9.8% rise in July, economists predict Durable Goods Orders to decline by 2.8% in August. If the actual data is weaker than expected, the US Dollar may face downward pressure, while the EUR/USD pair could appreciate in value.
- THURSDAY, SEPTEMBER 26, AT 13:30 GMT+1: US GDP (Q2) THIRD READING. This is the third report for the third quarter, and it is anticipated to confirm a 3% rise. However, if the data falls short of the expected 3%, the US Dollar may weaken, potentially leading to a rise in the EUR/USD exchange rate.
- FRIDAY, SEPTEMBER 27, AT 13:30 GMT+1: US PCE PRICE INDEX: The August PCE Price Index will indicate whether inflation is still decreasing. The Federal Reserve's recent economic forecasts suggest that the annual rate of the price index could drop to 2.3% by the end of the year and 2.1% by 2025. If the Fed's preferred inflation metrics continue to decline, it is likely that the US Dollar will weaken, as the Fed may feel more at ease reducing its benchmark interest rate in the future.
- TUESDAY, OCTOBER 1, AT 10:00 GMT+1: EUROZONE INFLATION (CPI) (SEPTEMBER): The Eurozone is scheduled to report its CPI figure for the month of September. The CPI inflation data from last month of August came out at 2.2%, the exact same figure as in July. If it comes above the recent 2.2%, the data could support the value of the Euro.
- FRIDAY, OCTOBER 4 AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (SEPTEMBER):
The US labour market has seen some weakness over the past months, with the unemployment rate at a high level (4.2%). This is creating a headache for the US Federal Reserve ahead of the November meeting and next week's 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.
EURUSD, SEPTEMBER 26, 2024
Current Price: 1.11460
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.16260 |
|
|
1.14250 |
|
|
1.12360 |
|
|
1.10700 |
|
|
1.10400 |
|
|
1.10000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,800.00 |
2,790.00 |
900.00 |
-760.00 |
-1,060.00 |
-1,460.00 |
|
Profit or loss in €² |
4,305.11 |
2,502.34 |
807.21 |
-681.64 |
-950.71 |
-1,309.47 |
|
Profit or loss in £² |
3,595.87 |
2,090.10 |
674.23 |
-569.35 |
-794.09 |
-1,093.74 |
|
Profit or loss in C$² |
6,231.22 |
3,621.89 |
1,168.35 |
-986.61 |
-1,376.06 |
-1,895.33 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 08:45 (GMT+1) 26/09/2024
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 suggested one.
- Trailing stop technique could protect the profit.