AUD/USD weekly special report based on 1 Lot Calculation:
EVENTS:
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BREAKING: THE US DOLLAR INDEX HIT ITS HIGHEST RATE IN MORE THAN A YEAR, AUD/USD TESTS ITS LOWEST RATE SINCE AUGUST 2024. Trump's presidency raises concerns about the introduction of new tariffs and a potential trade war with China, further pressuring the Australian dollar. Concerns about deficit spending and expectations of less aggressive Federal Reserve rate cuts are driving US Treasury yields higher. This has strengthened the US dollar and added further pressure on the AUD/USD pair. AUD/USD has lost 2.56%, testing its lowest rate since August 2024.
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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 AUD/USD pair.
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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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CHINA STIMULUS PACKAGES DISAPPOINTED AGAIN as the latest announcements did not seem good enough to help the Chinese economy straight away. Australia and China are close trading partners. Therefore, developments in China's economy are currently having a significant impact on Australian markets.
AUDUSD, November 14, 2024
Current Price: 0.6480
|
AUD/USD |
Weekly |
|
Trend direction |
|
|
0.6900 |
|
|
0.6750 |
|
|
0.6600 |
|
|
0.6370 |
|
|
0.6320 |
|
|
0.6260 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
-2,100.00 |
-1,600.00 |
-1,100.00 |
1,200.00 |
2,700.00 |
4,200.00 |
|
Profit or loss in €² |
-1,993.35 |
-1,518.74 |
-1,044.14 |
1,139.06 |
2,562.88 |
3,986.70 |
|
Profit or loss in £² |
-1,657.28 |
-1,262.69 |
-868.10 |
947.02 |
2,130.79 |
3,314.56 |
|
Profit or loss in C$² |
-2,939.69 |
-2,239.76 |
-1,539.84 |
1,679.82 |
3,779.60 |
5,879.37 |
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1.00 lot is equivalent of 100 000 units
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Calculations for exchange rate used as of 09:30 (GMT+1) 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 the suggested one.
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Trailing stop technique could protect the profit