EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
● EVENT (CORE PCE PRICE INDEX YEAR-ON-YEAR FOR FEBRUARY- MARCH 29TH, 2024): The Core PCE Price Index is a key inflation metric that the Federal Reserve tracks in order to inform its interest rate policy. The Core PCE Price Index has been trending lower, reporting lower numbers since October 2023. Should the Core PCE Price Index come in lower than expected, this could be a bullish catalyst for the EURUSD pair, as the US dollar could likely weaken.
● EVENT (FEDERAL RESERVE CHAIRMAN JEROME POWELL SPEECH - MARCH 29TH 2024 15:30 GMT): Federal Reserve Chairman Jerome Powell will be giving a speech at the Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference in a moderated discussion. As the “most influential” central banker in the world, Jerome Powell’s words have a lot of impact on markets and if Jerome Powell strikes a dovish tone at this conference, it could weaken the US Dollar and potentially push the EURUSD pair higher.
● EVENT (EUR CPI MARCH (YoY) - APRIL 3RD 2024 09:00 GMT): The Eurozone is anticipated to release its CPI inflation data for the month of March on April 3rd 2024. The previous reading came in at 2.6%. If the Eurozone CPI comes in higher than expected this could potentially push the EURUSD pair higher.
● EVENT (US NON-FARM PAYROLL AND UNEMPLOYMENT RATE (MARCH) - APRIL 5TH, 2024 12:30 GMT): The United States will be releasing Non-Farm Payrolls and Unemployment. Nonfarm Payrolls have been trending lower recently, while unemployment has been inching higher. If the Non-Farm Payrolls continue to fall while Unemployment rises, there could be extended US dollar weakness and may push the EURUSD higher.
EURUSD, March 26, 2024
Current Price:1.084
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.150 |
|
|
1.120 |
|
|
1.098 |
|
|
1.071 |
|
|
1.069 |
|
|
1.065 |
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
6,600.00 |
3,600.00 |
1,400.00 |
-1,300.00 |
-1,500.00 |
-1,900.00 |
|
Profit or loss in €² |
6,088.03 |
3,320.74 |
1,291.40 |
-1,199.16 |
-1,383.64 |
-1,752.61 |
|
Profit or loss in £² |
5,218.79 |
2,846.61 |
1,107.02 |
-1,027.94 |
-1,186.09 |
-1,502.38 |
|
Profit or loss in C$² |
8,966.59 |
4,890.87 |
1,902.01 |
-1,766.15 |
-2,037.86 |
-2,581.29 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 08:40 (GMT) 26/3/2024
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