EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
- 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. Now it is expected to come down to the levels of 2.3%, below the recent 2.5%. If it comes below the expected 2.3%, the US Dollar could face downward pressure, while the EUR/USD pair could appreciate in value.
- 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 could face downward pressure.
- 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.
- THURSDAY, OCTOBER 17, AT 13:15 GMT+1: EUROPEAN CENTRAL BANK (ECB) INTEREST RATE CUT DECISION. The decision will be followed by a press conference at 13:45 GMT+1. The ECB cut its benchmark interest rate in September from 4.25% to the current 3.65%, and investors expect the ECB could continue with their rate cutting cycle on. The expectation is that they are going to cut interest rates to at least 3.40% from the current 3.65% (marking a cut of at least 0.25% points). If this is not the case, and they decide to keep rates unchanged, the EUR/USD pair could appreciate in value.
EURUSD, OCTOBER 9, 2024
Current Price: 1.0957
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.14500 |
|
|
1.12500 |
|
|
1.10600 |
|
|
1.08600 |
|
|
1.08300 |
|
|
1.08000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,930.00 |
2,930.00 |
1,030.00 |
-970.00 |
-1,270.00 |
-1,570.00 |
|
Profit or loss in €² |
4,499.57 |
2,674.19 |
940.07 |
-885.31 |
-1,159.12 |
-1,432.93 |
|
Profit or loss in £² |
3,770.48 |
2,240.87 |
787.75 |
-741.86 |
-971.30 |
-1,200.74 |
|
Profit or loss in C$² |
6,399.98 |
3,803.64 |
1,337.12 |
-1,259.22 |
-1,648.68 |
-2,038.13 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 09:40 (GMT+1) 09/10/2024
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.