EUR/USD weekly special report based On 1.00 Lot Calculation:
· EVENT (Thursday, March 2 at 10:10 GMT): Eurozone CPI and Core CPI. It is expected that this year inflation will be at the level 8.2%. Additionally, at the last European central bank meeting, it was announced that there will be at least one more 0,50% interest rate increase.
· EVENT (Tuesday, March 7): US Congress, Federal Reserve President Jerome Powell testimony. In his upcoming testimony before the US Congress, President Jerome Powell could provide more details about inflation and future paths of Federal reserve monetary policy.
·EVENT (Friday, March 10 at 13:30 GMT): US Nonfarm payroll and unemployment rate. According to market expectations, the job report for February could reflect a slowdown in the US labor market. It is expected that NFP will see 195k new job openings. Compared to January figures that showed a new job increase of 517k that could be a severe drop in the US labor market.
·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, February 27, 2023
Current Price: 1.0530
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.1000 |
|
|
1.0860 |
|
|
1.0660 |
|
|
1.0430 |
|
|
1.0350 |
|
|
1.0300 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,700 |
3,300 |
1,300 |
-1,000 |
-1,800 |
-2,300 |
|
Profit or loss in €² |
4,452 |
3,126 |
1,231 |
-947 |
-1,705 |
-2,179 |
|
Profit or loss in £² |
3,928 |
2,758 |
1,087 |
-836 |
-1,504 |
-1,922 |
|
Profit or loss in C$² |
6,386 |
4,484 |
1,766 |
-1,359 |
-2,446 |
-3,125 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 10:05 (GMT) 27/2/2023
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