EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
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EVENT (THURSDAY, NOVEMBER 14 AT 20:00 GMT): FED CHAIR JEROME POWELL SPEAKS. Federal Reserve Chair Jerome Powell delivers a speech on his economic outlook, followed by a question-and-answer session. Powell participates in "Global Perspectives" conversation before event hosted by the Dallas Regional Chamber, World Affairs Council of DFW and the Federal Reserve Bank of Dallas.
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BREAKING: THE US DOLLAR INDEX HIT ITS HIGHEST RATE IN MORE THAN A YEAR, EUR/USD TESTS ITS LOWEST RATE SINCE OCTOBER 2023. Trump's presidency raises concerns about the introduction of new tariffs and a potential trade war with China, the EU and other countries, further pressuring the EURO. EUR/USD is down 3.65% since the election, testing its lowest since late October 2023.
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GERMANY, THE LARGEST ECONOMY IN THE EUROZONE, IS IN TROUBLE AFTER CHANCELLOR OLAF SCHOLZ FIRED FINANCE MINISTER LINDER. Meanwhile, Germany’s three-party ruling coalition collapsed as the Free Democratic Party (FDP) left the coalition which member Linder was in. Germany now might be up for early- elections. The German government will undergo a vote of confidence on December 16, and if Scholz’s government does get the necessary vote of confidence, Germany will probably go on early elections in late February 2023. This weighs on the euro, exacerbating the EUR/USD pair's decline.
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US INFLATION (OCTOBER) CAME IN AS EXPECTED AT 2.6%, BUT STILL UP FROM SEPTEMBER’S 2.4%. Core Inflation came in as expected at 3.3% and as same as the one in September. Expectations that U.S. economic policies will stimulate growth and limit the Federal Reserve's ability to aggressively cut interest rates putting downward pressure on the EUR/USD pair.
EURUSD, NOVEMBER 14, 2024
Current Price: 1.0520
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.0700 |
|
|
1.0660 |
|
|
1.0630 |
|
|
1.0400 |
|
|
1.0200 |
|
|
1.0000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
EUR/USD |
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|
Pivot Points |
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|
Profit or loss in $ |
-1,800.00 |
-1,400.00 |
-1,100.00 |
1,200.00 |
3,200.00 |
5,200.00 |
|
Profit or loss in €² |
-1,711.27 |
-1,330.99 |
-1,045.78 |
1,140.85 |
3,042.26 |
4,943.67 |
|
Profit or loss in £² |
-1,421.66 |
-1,105.73 |
-868.79 |
947.77 |
2,527.39 |
4,107.01 |
|
Profit or loss in C$² |
-2,520.99 |
-1,960.77 |
-1,540.61 |
1,680.66 |
4,481.76 |
7,282.86 |
- 1.00 lot is equivalent of 100.000 units
- Calculations for exchange rate used as of 10:50 (GMT) 14/11/2024
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.