CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
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EUR/USD

Special Reports - 11/09/2023

11 September, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

  • EVENT (WEDNESDAY, SEPTEMBER 13 AT 13:30 GMT+1): US INFLATION (CPI) FOR AUGUST. The US Inflation is now down from 9.1% in summer 2022 to current 3.2%. August inflation on Wednesday will give more clues if the US Fed will stop raising rates in September.
  • EVENT (THURSDAY, SEPTEMBER 14 AT 13:15 GMT+1): EUROPEAN CENTRAL BANK (ECB) INTEREST RATE DECISION. The bank’s rate stands at current 4.25% and some analysts, including those from UBS, expect the rate to be further raised to 4.50%, which would be the highest since 2001.A potential increase of rates could support the euro short- term.
  • EVENT (WEDENESDAY, SEPTEMBER 20 AT 19:00 GMT+1): US FEDERAL RESERVE INTEREST RATE DECISION. The US Fed is expected to keep current interest rates unchanged at 5.50% in September. Investors will also be trying to get more clues if the Fed will eventually change their mind, and raise again after the September meeting. If the Fed completely stop raising rates, the US dollar might be expected to fall in value.

EURUSD, September 11, 2023
Current Price: 1.0720

EUR/USD

Weekly

Trend direction

UP

Resistance 3

1.1200

Resistance 2

1.1000

Resistance 1

1.0850

Support 1

1.0600

Support 2

1.0550

Support 3

1.0500

Example of calculation base on weekly trend direction for 1.00 Lot1

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

4,800

2,800

1,300

-1,200

-1,700

-2,200

Profit or loss in €²

4,475

2,610

1,212

-1,119

-1,585

-2,051

Profit or loss in £²

3,833

2,236

1,038

-958

-1,358

-1,757

Profit or loss in C$²

6,528

3,808

1,768

-1,632

-2,312

-2,992

1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 11/09/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more details
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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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