USA100 Weekly Special Report based on 1.00 Lot Calculation:
USA100 INDEX:
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WHAT IS A STOCK INDEX: According to Investopedia.com, a stock index measures the price performance of a basket (group) of stocks using a standardized methodology. The NASDAQ 100 Index is one of the world's best-known indexes and one of the most commonly used benchmarks for the stock market.
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COMPONENTS: USA100 includes 100 companies including Apple, Google, Nvidia, Meta, Microsoft and shopping companies such as Amazon
EVENTS:
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FRIDAY, DECEMBER 6 AT 13:30 GMT: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (NOVEMBER). The US Unemployment rate is expected to stay above 4%. This could further support market expectations that the Fed could cut interest rates by 25 basis points in December.
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WEDNESDAY, DECEMBER 11, AT 13:30 GMT: U.S INFLATION (CPI) (NOVEMBER): The U.S is scheduled to report its CPI figure for the month of November. The CPI inflation data from the last month of October came out at 2.6%, up from the 2.4% in September. If it comes below the recent 2.6%, then USA100 Index could be expected to rise in value.
US HOLIDAY SEASON 2024:
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EVENT (FINAL WEEKS OF DECEMBER): SANTA CLAUS RALLY. According to Investomedia.com, A Santa Claus rally is the sustained increase in the stock market that occurs around the Christmas holiday on December 25. Most estimate these rallies happen in the week leading up to the Christmas holiday, while others see trends that begin Christmas Day through January 2.
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POSITIVE MARKET SENTIMENT IN THE PERIOD BETWEEN NOVEMBER AND DECEMBER: THE USA100 INDEX ROSE 8.32% ON AVERAGE (2019- 2023).
Data Source: Meta Trade 4 Platform
Please note that past performance does not guarantee future results
US FEDERAL RESERVE HAS BEGUN YET ANOTHER INTEREST RATE CUT CYCLE:
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BREAKING (NOVEMBER 7): FEDERAL RESERVE ANNOUNCED ITS SECOND INTEREST RATE CUT IN 2024. The US Federal Reserve decided to cut its benchmark interest rate by 0.50% points in September and 0.25% points in November. The bank expects to cut rates one more time in 2024 to slash its benchmark rate to 4.5% by the end of 2024. The bank expects rates to fall to 3.5% in 2025 and further down to 2.9% in 2026.
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NEXT FED INTEREST RATE DECISION: December 18, 2024 at 19:00 GMT. As of December 4, the market sees high chances for 25 basis points interest rates cut. This could bring current rates of 4.75% down to 4.50%.
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US FEDERAL RESERVE STARTED ITS INTEREST RATE CUT CYCLE ON SEPTEMBER 18 AND USA100 INDEX HAS RISEN SIGNIFICANTLY SINCE THEN:
Data Source: MetaTrader 4 Platform
Please note that past performance does not guarantee future results
USA100, December 4, 2024
Current Price: 21,390
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USA100 |
Weekly |
|
Trend direction |
|
|
23,000 |
|
|
22,500 |
|
|
22,000 |
|
|
20,800 |
|
|
20,600 |
|
|
20,500 |
Example of calculation based on weekly trend direction for 1.00 Lot1
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USA100 |
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|
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Profit or loss in $ |
16,100 |
11,100 |
6,100 |
-5,900 |
-7,900 |
-8,900 |
|
Profit or loss in €² |
15,339 |
10,575 |
5,812 |
-5,621 |
-7,526 |
-8,479 |
|
Profit or loss in £² |
12,703 |
8,758 |
4,813 |
-4,655 |
-6,233 |
-7,022 |
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Profit or loss in C² |
22,645 |
15,612 |
8,580 |
-8,298 |
-11,112 |
-12,518 |
- 1.00 lot is equivalent of 10 units
- Calculations for exchange rate used as of 13:55 (GMT) 04/12/2024
There is a possibility to use Stop-Loss and Take-Profit.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique could protect the profit.