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%.
EVENTS (CHINA):
- THURSDAY, APRIL 10 AT 02:30 GMT+1: CHINA INFLATION (CPI) (MARCH) (PREVIOUS: -0.7%). Stronger-than-expected CPI and PPI data could signal an expanding Chinese economy and industrial activity, supporting higher palladium prices.
- SATURDAY, APRIL 12 AT 08:10 GMT+1: CHINA EXPORT/IMPORT (MARCH) (EXPORT PREVIOUS: +2.3%, IMPORT PREVIOUS: -8.4%) Stronger-than-expected import and export data could indicate rising domestic demand and industrial activity in China, the world's largest consumer of palladium, potentially supporting higher palladium prices.
- WEDNESDAY, APRIL 16 AT 03:00 GMT+1: CHINA INDUSTRIAL PRODUCTION (MARCH). (PREVIOUS: +5.9%). Stronger-than-expected industrial data could indicate rising domestic demand and industrial activity in China, the world's largest consumer of palladium, potentially supporting higher palladium prices.
- WEDNESDAY, APRIL 16 AT 03:00 GMT+1: CHINA GROSS DOMESTIC PRODUCT (GDP) (Q1). (PREVIOUS: +5.4%). Stronger-than-expected gross domestic product (GDP) data could indicate rising economic activity in China, the world's largest consumer of palladium, potentially supporting higher palladium prices.
EVENTS (USA):
- FRIDAY, APRIL 4 AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (MARCH) (PREVIOUS: 151K; PREVIOUS: 4.1%). Stronger-than-expected US Nonfarm Payrolls and a lower unemployment rate could signal a resilient labor market and economic growth, potentially boosting consumer spending and industrial activity, which could increase demand for palladium and support higher prices.
- THURSDAY, APRIL 10 AT 13:30 GMT+1: US INFLATION (CPI) (MARCH) (PREVIOUS: 2.8%). A smaller-than-expected number could be supportive for Palladium because then the FED would be encouraged to lower interest rate cuts. This index measures the change in the price of the goods and services from the perspective of the consumer. Inflation in February came in at 2.8%, which was lower than analyst expectations of 2.9%.
ANALYST EXPECTATIONS:
- ANALYST OPINION: Commerzbank forecasts $1,150; Deutsche Bank forecasts $1,023; JPMorgan forecasts $1,020; UBS forecasts $1,000; HSBC forecasts $1,060.
Data Source: Bloomberg Terminal
PRICE ACTION:
- PALLADIUM HIT AN ALL-TIME HIGH OF $3,409 (MARCH, 2022). Palladium trades around $955 and if the price of Palladium moves to the level of $3,409, this would be a 256% price change. However, the price could decline, too.
PALLADIUM, April 3, 2025
Current Price: 955
|
PALLADIUM |
Weekly |
|
Trend direction |
|
|
1,250 |
|
|
1,150 |
|
|
1,010 |
|
|
900 |
|
|
890 |
|
|
870 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
|
Pivot Points |
||||||
|
Profit or loss in $ |
29,500 |
19,500 |
5,500 |
-5,500 |
-6,500 |
-8,500 |
|
Profit or loss in €2 |
26,695 |
17,646 |
4,977 |
-4,977 |
-5,882 |
-7,692 |
|
Profit or loss in £2 |
22,429 |
14,826 |
4,182 |
-4,182 |
-4,942 |
-6,463 |
|
Profit or loss in C$2 |
41,670 |
27,545 |
7,769 |
-7,769 |
-9,182 |
-12,007 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 11:00 (GMT+1) 3/4/2025
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.