EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
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THURSDAY, OCTOBER 3, AT 13:30 GMT+1: US WEEKLY INITIAL JOBLESS CLAIMS. The weekly trend in the number of initial jobless claims has been rising since the beginning of the year, with the expected figure for this week at 221k, higher than last week's 218k. The trend has highlighted the problems in the US labour market, as US unemployment is at a high level (4.2%). If the trend continues, the US dollar can be expected to come under negative pressure.
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FRIDAY, OCTOBER 4 AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (SEPTEMBER): The US labour market has seen some weakness over the past months, with the unemployment rate at a high level (4.2%). This is creating a headache for the US Federal Reserve ahead of the November meeting and next week's data could provide better clues as to whether the Fed might be more aggressive in cutting interest rates in the coming months. Another month of negative US employment data could keep the dollar under negative pressure.
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THURSDAY, OCTOBER 10, AT 13:30 GMT+1: U.S INFLATION (CPI) (SEPTEMBER): The U.S is scheduled to report its CPI figure for the month of September. The CPI inflation data from last month of August came out at 2.5%, down from the 2.9% in July. If it comes below the recent 2.5%, the US Dollar may face downward pressure, while the EUR/USD pair could appreciate in value.
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FRIDAY, OCTOBER 11, AT 13:30 GMT+1: U.S PRODUCER PRICE INDEX (PPI) (SEPTEMBER): The U.S is reporting its PPI figure for the month of September. The monthly PPI data from last month of August came out at 0.2%, up from the 0.1% in July. If it comes below the recent 0.2%, the US Dollar may face downward pressure.
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THURSDAY, OCTOBER 17, AT 10:00 GMT+1: EUROZONE INFLATION (CPI) (SEPTEMBER): The Eurozone is scheduled to report the second reading of its CPI figure for the month of September. The last CPI inflation data came out at 1.8. If it comes above the recent 1.8%, the data could support the value of the Euro.
EURUSD, OCTOBER 2, 2024
Current Price: 1.10700
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.15500 |
|
|
1.13500 |
|
|
1.11600 |
|
|
1.10000 |
|
|
1.09700 |
|
|
1.09200 |
Example of calculation based on weekly trend direction for 1.00 Lot1
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EUR/USD |
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|
Pivot Points |
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|
Profit or loss in $ |
4,800.00 |
2,800.00 |
900.00 |
-700.00 |
-1,000.00 |
-1,500.00 |
|
Profit or loss in €² |
4,335.85 |
2,529.24 |
812.97 |
-632.31 |
-903.30 |
-1,354.95 |
|
Profit or loss in £² |
3,611.24 |
2,106.55 |
677.11 |
-526.64 |
-752.34 |
-1,128.51 |
|
Profit or loss in C$² |
6,231.22 |
3,634.88 |
1,168.35 |
-908.72 |
-1,298.17 |
-1,947.25 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 10:50 (GMT+1) 02/10/2024
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.