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 USDCAD 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:
- 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. The projected result for February is 50.8.
- FRIDAY, MARCH 7, AT 13:30 GMT: US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (February): Data for January missed estimates for 169,000 as actual number came in lower, at 143,000. Unemployment rate, however, beat expectations in January (4% vs. 4.1% expected).
- FRIDAY, MARCH 7, AT 13:30 GMT: CANADA EMPLOYEMENT CHANGE AND UNEMPLOYMENT RATE (February): A lower than expected number of employed in Canada should be positive for th USDCAD pair, while a higher unemployment rate should also be positive for the USDCAD because the Bank of Canada will be motivated to cut interest rates more aggressively in 2025.
USD/CAD February 28, 2025
Current Price: 1.4400
|
USD/CAD |
Weekly |
|
Trend direction |
|
|
1.4750 |
|
|
1.4650 |
|
|
1.4550 |
|
|
1.4300 |
|
|
1.4250 |
|
|
1.4200 |
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 |
-695 |
-1,043 |
-1,391 |
|
Profit or loss in €2 |
2,338 |
1,670 |
1,002 |
-668 |
-1,002 |
-1,336 |
|
Profit or loss in £2 |
1,931 |
1,379 |
827 |
-552 |
-827 |
-1,103 |
|
Profit or loss in C$2 |
3,500 |
2,500 |
1,500 |
-1,000 |
-1,500 |
-2,000 |
1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 13:00 (GMT) 28/02/2025
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.