USD/CAD weekly special report based on 1 Lot Calculation:
GEOPOLITICS:
- TRADE WAR: President Trump has declared that the USA will impose 25% tariffs on Canada and Mexico, with an additional 10% tariff on Canadian oil imports. After a delay of one month, the tariffs will be put into place on March 4th. The implementation of tariffs towards Canada could be supportive for the USD/CAD currency pair. After Trump’s tariffs were initially announced in late January the Canadian dollar had its longest monthly losing streak and slid to its lowest in over 20 years at almost 1.48 to the US currency.
EVENTS:
- THURSDAY, FEBRUARY 27, AT 13:30 GMT: U.S. INITIAL JOBLESS CLAIMS: A number lower than expected could indicate that the FED is delaying interest rate cuts, which could be supportive for the USDCAD pair. Initial Jobless Claims measure the number of individuals who filed for unemployment insurance for the first time during the past week.
- THURSDAY, FEBRUARY 27, AT 13:30 GMT: U.S. GROSS DOMESTIC PRODUCT (GDP) (Q4): If the results are higher than expected it could prove supportive for the USDCAD pair. GDP measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
- FRIDAY, FEBRUARY 28, AT 13:30 GMT: U.S. PERSONAL CONSUMPTION EXPENDITURES (PCE) PRICE INDEX: A higher than expected index could support the USDCAD pair since it could point to the FED delaying interest rate cuts. This index measures the average increase in prices for all domestic personal consumption.
- FRIDAY, FEBRUARY 28, AT 13:30 GMT: CANADA U.S. GROSS DOMESTIC PRODUCT (GDP) Q4): If the results are lower than expected it could prove supportive for the USDCAD pair. GDP measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
- MONDAY, MARCH 3, AT 15:00 GMT: U.S. ISM MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (FEBRUARY): A higher than expected result could be positive for the USDCAD pair. This index measures the positive or negative sentiment of purchasing managers in the U.S. manufacturing sector.
USD/CAD February 25, 2025
Current Price: 1.4250
|
USD/CAD |
Weekly |
|
Trend direction |
|
|
1.4600 |
|
|
1.4500 |
|
|
1.4400 |
|
|
1.4100 |
|
|
1.4050 |
|
|
1.4000 |
Example of calculation based on weekly trend direction for 1 Lot1
|
USD/CAD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
2,434 |
1,738 |
1,043 |
-1,043 |
-1,391 |
-1,738 |
|
Profit or loss in €2 |
2,319 |
1,656 |
994 |
-994 |
-1,325 |
-1,656 |
|
Profit or loss in £2 |
1,923 |
1,373 |
824 |
-824 |
-1,099 |
-1,373 |
|
Profit or loss in C$2 |
3,500 |
2,500 |
1,500 |
-1,500 |
-2,000 |
-2,500 |
1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 13:00 (GMT) 25/02/2025
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.