USA100 Weekly Special Report based on 1.00 Lot Calculation:
- 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 such as Amazon, Tesla, Nvidia, Meta, Microsoft and Apple.
- KEY CONSTITUENTS CONTINUE STRONG PERFORMANCE IN 2024: NVIDIA +135% GOOGLE +24.4%, AMAZON +18.03% AND META +34.76%. Overall USA100 price return since the beginning of year is +10.25%.
EVENTS:
- US NFP and Unemployment (Friday, June 7th, 2024): The United States will be releasing nonfarm payrolls and unemployment. Nonfarm payrolls have been trending lower recently, with markets forecasting 180k vs 238k in the previous month. If the Nonfarm payrolls continue to fall while unemployment rises, dovish sentiment could fuel a further rally in the USA100, as markets anticipate rate cuts.
- US Inflation (Wednesday, June 12th, 2024) The United States will report its CPI for May. April CPI came in at 3.4%, Year-over-Year, well below its peak of 9.1% peak in 2022. Inflation continues to trend lower, with levels approaching the Federal Reserve’s 2% target. The lower inflation should be positive for the USA100, as it could indicate to the Federal Reserve that it may be appropriate to cut interest rates.
- US Federal Reserve Interest Rate Decision (Wednesday June 12th, 2024): The Federal Reserve Bank will meet on June 12th to set the Fed Funds rate target. According to the most recent estimates, analysts are expecting the Federal Reserve to hold interest rates at the current level of 5.50%. However, with inflation falling in April, the Federal reserve may reconsider its current rate policy, and could look to implement cuts sooner, which could catalyze a move higher in the USA100.
USA100, JUNE 5, 2024
Current Price: 18,770.00
USA100 |
Weekly |
Trend direction |
|
20,100 |
|
20,000 |
|
19,330 |
|
18,220 |
|
18,100 |
|
17,900 |
Example of calculation base on weekly trend direction for 1.00 Lot1
USA100 |
||||||
Profit or loss in $ |
13,300.00 |
12,300.00 |
5,600.00 |
-5,500.00 |
-6,700.00 |
-8,700.00 |
Profit or loss in €² |
12,230.73 |
11,311.12 |
5,149.78 |
-5,057.82 |
-6,161.34 |
-8,000.55 |
Profit or loss in £² |
10,412.18 |
9,629.31 |
4,384.08 |
-4,305.79 |
-5,245.23 |
-6,810.98 |
Profit or loss in C² |
18,203.31 |
16,834.64 |
7,664.55 |
-7,527.69 |
-9,170.09 |
-11,907.43 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 10:30 (GMT+1) 05/06/2024
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