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%.
DONALD TRUMP AND PALLADIUM DURING TRUMP’S FIRST PRESIDENCY (JANUARY 2017 - JANUARY 2021):
- NO SUBSIDIES FOR ELECTRIC VEHICLE SALES, THEREFORE HIGHER SALES OF TRADITIONAL CARS AND HIGHER USE OF PALLADIUM IN AUTOCATALYSTS TO PROTECT FROM GAS EMISSIONS.
- PALADIUM ROSE 200% (OR $1,583.15) (JANUARY 20, 2017 - JANUARY 20, 2021): PALADIUM ROSE FROM $788.86 (JANUARY 20, 2017) TO $2,372 (JANUARY 20, 2021).
- PALLADIUM HIT THEN ALL-TIME HIGH ($2,787.85) (FEBRUARY, 2020).
- DONALD TRUMP TOOK OFFICE FOR HIS SECOND TERM (JANUARY 20, 2025): PALLADIUM HAS RISEN AROUND 3% SINCE THEN.
GRAPH (MONTHLY): August 2011 – February 2025
Source: Meta Trader4 Platform
Please note that past performance does not guarantee future results
EVENTS (CHINA):
- SATURDAY, MARCH 1 AT 01:30 GMT: CHINA MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (PREVIOUS: 49.1).
EVENTS (USA):
- FRIDAY, FEBRUARY 14 AT 13:30 GMT: USA RETAIL SALES (Month-over-Month) (JAN) (PREVIOUS: 0.4%).
- THURSDAY, FEBRUARY 27 AT 13:30 GMT: USA GDP (Q4) (Quarter-over-Quarter) (PREVIOUS: 2.3%).
PALLADIUM, February 13, 2025
Current Price: 990
|
PALLADIUM |
Weekly |
|
Trend direction |
|
|
1250 |
|
|
1150 |
|
|
1050 |
|
|
940 |
|
|
920 |
|
|
900 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
|
Pivot Points |
||||||
|
Profit or loss in $ |
26,000 |
16,000 |
6,000 |
-5,000 |
-7,000 |
-9,000 |
|
Profit or loss in €2 |
24,938 |
15,346 |
5,755 |
-4,796 |
-6,714 |
-8,632 |
|
Profit or loss in £2 |
20,816 |
12,810 |
4,804 |
-4,003 |
-5,604 |
-7,205 |
|
Profit or loss in C$2 |
37,159 |
22,867 |
8,575 |
-7,146 |
-10,004 |
-12,863 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 9:50 (GMT) 13/2/2025
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.