Palladium weekly special report based on 1.00 Lot Calculation:
PALLADIUM USE AND MARKET SHARE:
- Palladium is mostly used in catalytic converters by the car industry to reduce harmful gas emissions, while tightening regulations are forcing automakers to put more Palladium into each vehicle, which in turn could keep the demand outlook positive. Palladium has also been used in fuel cells to generate power.
- MARKET SHARE (PRODUCERS): Russia is the largest producer, holding 43% of the market, while South Africa is the second largest with 33.00% of the market. Canada is third on the list with 9.5% of the global production.
- MARKET SHARE (CONSUMERS): China is the largest Palladium consumer with 31%, while Europe and North America (USA) hold 20% each. Japan stands at 11%.
CHINESE ECONOMY STAYS RESILIENT UNDER THE NEW STIMULUS PACKAGES:
- MONDAY, MARCH 31: CHINA MANUFACTURING PMI (MARCH) CAME IN HIGHER THAN EXPECTED, THE HIGHEST IN ONE YEAR. (ACTUAL: 50.5 vs EXPECTED: 50.2)
- SATURDAY, APRIL 12: CHINA EXPORTS CAME IN HIGHER THAN EXPECTED. (ACTUAL: 12.4% vs EXPECTED: 4.4%)
- WEDNESDAY, APRIL 16: CHINA INDUSTRIAL PRODUCTION (MARCH) CAME IN STRONGER THAN EXPECTED. (ACTUAL: 7.7% vs EXPECTED: 5.9%)
- WEDNESDAY, APRIL 16: CHINA'S GROSS DOMESTIC PRODUCT (GDP) (Q1) CAME IN STRONGER THAN EXPECTED. (ACTUAL: 5.4% vs EXPECTED: 5.2%)
EVENTS (USA):
- WEDNESDAY, APRIL 16, AT 18:15 GMT+1: FED CHAIR JEROME POWELL SPEECH. Fed Chair Jerome Powell will deliver a speech on the U.S. economic outlook at the Economic Club of Chicago.
- WEDNESDAY, APRIL 30, AT 13:30 GMT+1: US GROSS DOMESTIC PRODUCT (GDP) (Q1): The U.S. will publish its Q1 GDP data, a broad measure of overall economic performance. A stronger-than-expected reading could indicate increased industrial activity and automotive demand, supporting higher palladium prices. (PREVIOUS:2.4%)
PRICE ACTION:
- PALLADIUM HIT AN ALL-TIME HIGH OF $3,409 (MARCH 2022). Palladium trades around $978 and if the price of Palladium moves to the level of $3,409, this would be around 250% of a price change. However, the price could decline.
PALLADIUM, April 16, 2025
Current Price: 978
PALLADIUM |
Weekly |
Trend direction |
|
1,250 |
|
1,150 |
|
1,050 |
|
920 |
|
910 |
|
900 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
Pivot Points |
||||||
Profit or loss in $ |
27,200 |
17,200 |
7,200 |
-5,800 |
-6,800 |
-7,800 |
Profit or loss in €2 |
23,932 |
15,134 |
6,335 |
-5,103 |
-5,983 |
-6,863 |
Profit or loss in £2 |
20,495 |
12,960 |
5,425 |
-4,370 |
-5,124 |
-5,877 |
Profit or loss in C$2 |
37,823 |
23,917 |
10,012 |
-8,065 |
-9,456 |
-10,846 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:40 (GMT+1) 16/4/2025
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.