USD/CAD weekly special report based on 1 Lot Calculation:
GEOPOLITICS (TRADE WAR):
- EVENT (WEDNESDAY, APRIL 2 AT 20:00 GMT+1): US RECIPROCAL TARIFFS ON APRIL 2: “LIBERATION DAY”: According to Reuters, The Trump administration is planning to impose a fresh round of tariffs to all countries, including Canada. Trump sees these tariffs as necessary to ease trade imbalances with nations that have trade surpluses with the US. An implementation of tariffs by the Trump administration could support the safe-haven US dollar, therefore the USD/CAD currency pair could see some upward pressure.
EVENTS:
- FRIDAY, APRIL 4, AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYEMENT RATE (MARCH): A higher-than-expected rating should be taken as positive for the USDCAD currency pair. NFP data measures the change in the number of people employed during the previous month, excluding the farming industry. Unemployment rate in the USA came in higher than expected in February (4.1% vs. 4.0% exp).
- FRIDAY, APRIL 4, AT 13:30 GMT+1: CANADA EMPLOYMENT CHANGE AND UNEMPLOYEMENT RATE (MARCH): A lower-than-expected unemployment rate in Canada, which currently stands at 6.7%, should be taken as negative for the CAD Dollar, and therefore positive for the USD/CAD currency pair.
- THURSDAY, APRIL 10, AT 13:30 GMT+1: U.S. INFLATION (CPI) (MARCH): A higher-than-expected number could be supportive for the USD/CAD pair because then the FED would be motivated to delay 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%.
USD/CAD April 2, 2025
Current Price: 1.4310
|
Current Price: |
1.4310 |
|
USD/CAD |
Weekly |
|
Trend direction |
|
|
1.4650 |
|
|
1.4520 |
|
|
1.4410 |
|
|
1.4220 |
|
|
1.4180 |
|
|
1.4150 |
Example of calculation based on weekly trend direction for 1 Lot1
|
USD/CAD |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
2,373 |
1,465 |
698 |
-628 |
-907 |
-1,117 |
|
Profit or loss in €2 |
2,197 |
1,357 |
646 |
-581 |
-840 |
-1,034 |
|
Profit or loss in £2 |
1,833 |
1,132 |
539 |
-485 |
-701 |
-863 |
|
Profit or loss in C$2 |
3,400 |
2,100 |
1,000 |
-900 |
-1,300 |
-1,600 |
1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 13:00 (GMT+1) 02/04/2025
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.