CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

EUR/USD

Special Reports - 15/11/2022

15 November, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

EUR/USD weekly uptrend opportunity based On 1.00 Lot Calculation:

  • US FEDERAL RESERVE EXPECTED TO SLOW DOWN THE INTEREST RATE HIKE CYCLE IN DECEMBER: The Fed is expected to raise interest rates by 50 basis points in December, meaning a slowdown compared to November’s increase of 75 basis points to 4%. In early 2023 the Fed is expected to end the hike cycle, probably with a terminal rate of lower than 5%. Morgan Stanley expected the Fed to start reducing the rates already in Q4 of 2023.

  • US INFLATION FALLS TO 7.7% FROM 8.2%, WHILE UNEMPLOYMENT ROSE FROM 3.5% TO 3.7%. These two factors are expected to make the Fed change the course on their interest rate hikes, as especially, the unemployment is expected to rise further in the coming months. Next inflation and employment market data in the US is expected to come in in the first half of December 2022.

  • EUROPEAN CENTRAL BANK TO KEEP RAISING INTEREST RATES TO KEEP UP WITH THE FED RATE INCREASES. The European Central bank will meet next on December 15, to probably raise interest rates from current 2.0% to either 2.5% or 2.75%. This could add value to the Euro going into the month of December.

EUR/USD, November 15, 2022
Current Price: 1.0380

EUR/USD

Weekly

Trend direction

UP

Resistance 3

1.0700

Resistance 2

1.0650

Resistance 1

1.0570

Support 1

1.0200

Support 2

1.0150

Support 3

1.0100

Example of calculation base on weekly trend direction for 1.00 Lot1

EUR/USD

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

3,200

2,700

1,900

-1,800

-2,300

-2,800

Profit or loss in €2

3,074

2,594

1,825

-1,729

-2,209

-2,690

Profit or loss in £2

2,704

2,281

1,605

-1,521

-1,943

-2,366

Profit or loss in C$2

4,244

3,580

2,520

-2,387

-3,050

-3,713

1. 1.00 lot is equivalent of 100,000 units

2. Calculations for exchange rate used as of 08:45 (GMT) 15/11/2022

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.

  • You may wish to consider closing your position in profit, even if it is lower than suggested one

  • Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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