EUR/USD

EUR/USD weekly special report based On 1.00 Lot Calculation:

• EVENT (FRIDAY, DECEMBER 2 at 13:30 GMT): NONFARM PAYROLLS AND UNEMPLOYMENT RATE IN THE US FOR NOVEMBER. The NFP is expected at 200K, down from October’s 261. This would be the smallest increase since December 2020. Unemployment rate is expected to remain unchanged at 3.7%.
• EVENT (TUESDAY, DECEMBER 13 at 13:30 GMT). US INFLATION IN OCTOBER FELL TO 7.7% FROM 8.2%. This factor is 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.
• US FEDERAL RESERVE EXPECTED TO SLOW DOWN THE INTEREST RATE HIKE CYCLE IN DECEMBER (DECEMBER 14): 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.
• 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 30, 2022
Current Price: 1.0350

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 10:00 (GMT) 30/11/2022

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