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 regulation is 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 markets, while South Africa is the second largest with 33.00% of the markets. 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%.
EVENTS (CHINA):
- FRIDAY, JANUARY 27 AT 01:30 GMT: CHINA MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (PREVIOUS: 50.1).
- SUNDAY, FEBRUARY 9 AT 1:30 GMT: CHINA INFLATION RATE (Year-over-Year) (PREVIOUS: 0.1%).
EVENTS (USA):
- WEDNESDAY, JANUARY 29 AT 19:00 GMT: USA FED INTEREST RATE DECISION (PREVIOUS: 4.5%).
- THURSDAY, JANUARY 30 AT 13:30 GMT: USA GDP (Q4) first reading (PREVIOUS: 3.1%).
POSITIVE OUTLOOK FOR PALLADIUM IN 2025:
- On January 24, 2025, Palladium reached a level of $1029.50, hitting its highest price in over 2 months.
- Lower Interest Rates Environment in 2025: Lower interest rates in the US are expected to make vehicle purchases more affordable, which, coupled with the need to replace aging vehicles, should support autocatalyst demand.
- Donald Trump’s Electric Vehicle Industry Regulation: Donald Trump revoked Biden’s Executive Order that set a target of 50% of new vehicle sales by 2030 as EVs. This slower pace of vehicle electrification is another positive factor, especially outside China, which is expected to sustain strong demand for autocatalysts.
PALLADIUM, January 24, 2025
Current Price: 1020
PALLADIUM |
Weekly |
Trend direction |
|
1400 |
|
1250 |
|
1110 |
|
950 |
|
920 |
|
890 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
Pivot Points |
||||||
Profit or loss in $ |
38,000 |
23,000 |
9,000 |
-7,000 |
-10,000 |
-13,000 |
Profit or loss in €2 |
36,229 |
21,928 |
8,581 |
-6,674 |
-9,534 |
-12,394 |
Profit or loss in £2 |
30,585 |
18,512 |
7,244 |
-5,634 |
-8,049 |
-10,463 |
Profit or loss in C$2 |
54,451 |
32,957 |
12,896 |
-10,030 |
-14,329 |
-18,628 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 11:20 (GMT) 24/1/2025
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.