GBP/USD Weekly Special Report based on 1.00 Lot Calculation:
- 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 GBP/USD pair.
- WEDNESDAY, NOVEMBER 27, AT 13:30 GMT: US GDP (Q3) SECOND READING. This is the second report of the third quarter. In the first Q3 report, GDP came in at 2.8%. If the data exceeds 2.8%, the US dollar could strengthen, which could lead to a decline in the GBP/USD exchange rate.
- WEDNESDAY, NOVEMBER 27, AT 15:00 GMT: US PCE PRICE INDEX: The October PCE price index will indicate whether inflation continues to rise. If the Fed's preferred inflation indicators rise, the US dollar is likely to strengthen, as the Fed may feel pressured to hold off from lowering its benchmark interest rate in the future.
- WEDNESDAY, DECEMBER 11, AT 13:30 GMT: U.S INFLATION (CPI) (NOVEMBER): The U.S is scheduled to report its CPI figure for the month of November. The CPI inflation data from last month of October came out at 2.6%, up from the 2.4% in September. If it comes above the recent 2.6%, the US Dollar may face upward pressure, while the GBP/USD pair could depreciate in value.
- THURSDAY, DECEMBER 12, AT 07:00 GMT: UK GROSS DOMESTIC PRODUCT (GDP): The UK is expected to release its GDP data regarding the month of October. If the data beats expectations, GBP/USD could rally.
GBPUSD, NOVEMBER 22, 2024
Current Price: 1.2520
|
GBP/USD |
Weekly |
|
Trend direction |
|
|
1.2690 |
|
|
1.2660 |
|
|
1.2620 |
|
|
1.2400 |
|
|
1.2250 |
|
|
1.2110 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
GBP/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
-1,700.00 |
-1,400.00 |
-1,000.00 |
1,200.00 |
2,700.00 |
4,100.00 |
|
Profit or loss in €² |
-1,633.57 |
-1,345.30 |
-960.93 |
1,153.11 |
2,594.50 |
3,939.79 |
|
Profit or loss in £² |
-1,359.76 |
-1,119.80 |
-799.86 |
959.83 |
2,159.62 |
3,279.42 |
|
Profit or loss in C$² |
-2,206.89 |
-1,817.44 |
-1,298.17 |
1,557.80 |
3,505.06 |
5,322.50 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 10:50 (GMT) 22/11/2024
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.