USA100 Weekly Special Report based on 1.00 Lot Calculation:
USA100 INDEX:
- WHAT IS A STOCK INDEX: According to Investopedia.com, a stock index measures the price performance of a basket (group) of stocks using a standardized methodology. The NASDAQ 100 Index is one of the world's best-known indexes and one of the most commonly used benchmarks for the stock market.
- COMPONENTS: USA100 includes 100 companies including Apple, Google, Nvidia, Meta, and Microsoft.
RECENT TREND:
- THE NASDAQ 100 IS NOW UP MORE THAN 80% FROM ITS OCTOBER 2022 LOWS: The Nasdaq has sharply rallied from October 2022 lows, as the tech sector continues to remain the best-performing sector in the United States. The Nasdaq rally has outpaced both the S&P500 and the Dow Jones Industrial index since October 2022.
US FEDERAL RESERVE HAS BEGUN YET ANOTHER INTEREST RATE CUT CYCLE:
- BREAKING (SEPTEMBER 18): FEDERAL RESERVE ANNOUNCED ITS FIRST INTEREST RATE CUT SINCE 2020. US Federal Reserve decided to cut its benchmark interest rate by 0.50% points on September 18, to 5.00% from the previous 5.50%. The bank expects to cut rates two more times in 2024 to slash its benchmark rate to 4.5% by the end of 2024. The bank expects rates to fall to 3.5% in 2025 and further down to 2.9% in 2026. NEXT FED INTEREST RATE DECISION: November 7, 2024. As of October 7, the market sees a high probability rate for a 25-basis points interest rate cut. This could bring current rates of 5.00% down to 4.75%.
NEXT ECONOMIC EVENTS:
- THURSDAY, OCTOBER 10 AT 13:30 GMT+1: US INFLATION (CPI) (SEPTEMBER). US Inflation has continued falling in the US with August’s CPI showing a rate of 2.5% (down from previous 2.9%), which was the lowest rate since April 2021. Analysts expect to see a further decline in September to 2.3%. Falling inflation combined with a worsening labor market in the USA has recently increased the chances for continues interest rate cuts at the Fed meetings head, including the next one in November.
NEXT COMPANY EVENTS:
- US STOCK MARKET: Q3 EARNINGS SEASON
OCTOBER 11- NOVEMBER 15. The new earnings season in the US is expected to kick off with the banking sector in mid-October, while some large companies such as Tesla, Meta, Microsoft, Apple, Amazon are expected to report their Q3 earnings results by the end of October.
LAST EIGHT QUARTERLY EARNINGS SEASONS: THE ARTIFICIAL INTELLIGENCE (A.I.) EUPHORIA HAS CREATED ON AVERAGE A 3.76% INCREASE FOR THE USA100 DURING THE EARNINGS SEASONS. The table below illustrates price reactions of the three major US stock indices. On average, the USA100 index has risen by 3.76% each quarterly earnings season since Q3 2022. Over the same period, the USA500 index rose 3.00%, while the USA30 index climbed around 3.04%.
Data Source: MetaTrader 4 Platform
Please note that past performance does not guarantee future results
USA100, October 7, 2024
Current Price: 20,100
|
USA100 |
Weekly |
|
Trend direction |
|
|
21,500 |
|
|
21,000 |
|
|
20,600 |
|
|
19,650 |
|
|
19,500 |
|
|
19,350 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
USA100 |
||||||
|
Profit or loss in $ |
14,000 |
9,000 |
5,000 |
-4,500 |
-6,000 |
-7,500 |
|
Profit or loss in €² |
12,749 |
8,196 |
4,553 |
-4,098 |
-5,464 |
-6,830 |
|
Profit or loss in £² |
10,700 |
6,878 |
3,821 |
-3,439 |
-4,586 |
-5,732 |
|
Profit or loss in C² |
19,013 |
12,223 |
6,790 |
-6,111 |
-8,148 |
-10,186 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 13:00 (GMT+1) 07/10/2024
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.