EUR/USD

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

• EVENT (Friday, January 6 at 13:30 GMT): US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (December). The NFP is expected to come in at 220,000, while the unemployment rate to remain unchanged at 3.7% (unchanged).
• EVENT (Thursday, January 12 at 13:30 GMT). US INFLATION (December). US inflation in November fell to 7.1%. December Inflation is expected to show a decrease to 6.7% (according to Bloomberg estimates). Falling inflation is expected to further encourage the US Federal Reserve to finish the current rate hike cycle at the end of Q1 of 2023.
• EVENT (Wednesday, February 1 at 19:00 GMT). US FEDERAL RESERVE INTEREST RATE DECISION. FEDERAL RESERVE raised interest rates as expected by 0.50% points to 4.50% in December. The markets also expect that the Fed will close the current hike cycle by the end of Q1 of 2023, raising the benchmark interest rate to terminal 5.00%.
• EVENT (Thursday, February 2 at 13:15 GMT). EUROPEAN CENTRAL BANK INTEREST RATE DECISION. Unlike Fed, the ECB is expected to raise interest rate by another 0.50% points in February, to send the benchmark interest rate to 3.00%. The more aggressive ECB, compared to the Fed, should boost the Euro currency against the US Dollar.
• ANALYST OPINION: BANK OF AMERICA forecasts 1.10 in 2023. DEUTSCHE BANK forecasts 1.15 by late 2023.

EUR/USD, January 3, 2023
Current Price: 1.05181

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100,000 units

2. Calculations for exchange rate used as of 13:15 (GMT) 03/01/2023
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