EUR/USD weekly special report based On 1.00 Lot Calculation:
· EVENT (Wednesday, February 1 at 19:00 GMT): Federal Reserve interest rate decision. It is expected that the Federal Reserve will increase its interest rate by 0,25% points. FED officials in its recent comments ruled out 0,50% points interest rate hike.
· EVENT (European Central Bank, interest rate decision). It is expected that the ECB will continue its restrictive monetary policy hence it is expected that interest rate will be increased by 0,50% points. Additionally, 0.50% points interest rate hike should not be the last one. According to ECB officials, there could be at least one more 0.50% point interest rate hike.
· ANALYST OPINION: BANK OF AMERICA forecasts 1.10 in 2023. DEUTSCHE BANK forecasts 1.15 by late 2023, MORGAN STANLEY forecast 1.15 in 2023.
EURUSD, January 27, 2023
Current Price: 1.0870
EUR/USD |
Weekly |
Trend direction |
|
1.1500 |
|
1.1300 |
|
1.1200 |
|
1.0600 |
|
1.0500 |
|
1.0400 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Pivot Points |
||||||
Profit or loss in $ |
6,300 |
4,300 |
3,300 |
-2,700 |
-3,700 |
-4,700 |
Profit or loss in €* |
5,795 |
3,956 |
3,036 |
-2,484 |
-3,404 |
-4,323 |
Profit or loss in £** |
5,093 |
3,476 |
2,668 |
-2,183 |
-2,991 |
-3,800 |
Profit or loss in C$** |
8,403 |
5,735 |
4,402 |
-3,601 |
-4,935 |
-6,269 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 07:12 (GMT) 27/01/2023
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- 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 Senior Account ManagerClient Manager for more details