EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
- TUESDAY, SEPTEMBER 17, AT 13:30 GMT+1: RETAIL SALES IN UNITED STATES IN AUGUST. U.S. retail sales for July came in stronger than anticipated, alleviating some of the financial market worries about a potential sharp economic downturn that had been stoked by an increase in the unemployment rate. Retail sales rose by 1.0% last month, rebounding from a revised 0.2% decline in June.
- WEDNESDAY, SEPTEMBER 18, AT 19:00 GMT+1: US FEDERAL RESERVE INTEREST RATE DECISION. According to CME.COM investors are placing the probability of the Fed lowering rates by 50 basis points at its meeting on Wednesday at 59%, up from the 13% chance seen a week prior. Smaller cut of 25 basis points is currently expected with just 41%.
- WEDNESDAY, SEPTEMBER 18, AT 10:00 GMT+1: EUROZONE INFLATION (CPI) (AUGUST): The Eurozone is scheduled to report its CPI figure for the month of August. Expectations are that it will come out a 2.2%, the exact same figure as in July. If it comes above the expected 2.2%, the data could support the value of the Euro.
- THURSDAY, SEPTEMBER 19, AT 13:30 GMT+1: US WEEKLY INITIAL JOBLESS CLAIMS. The weekly trend in the number of initial jobless claims has been rising since the beginning of the year. The trend has highlighted the problems in the US labour market, as US unemployment is at a high level (4.2%). If the trend continues, the US dollar can be expected to come under negative pressure.
EURUSD, SEPTEMBER 16, 2024
Current Price: 1.11200
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.16000 |
|
|
1.14000 |
|
|
1.12090 |
|
|
1.10400 |
|
|
1.10000 |
|
|
1.09500 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,800.00 |
2,800.00 |
890.00 |
-800.00 |
-1,200.00 |
-1,700.00 |
|
Profit or loss in €² |
4,314.84 |
2,516.99 |
800.04 |
-719.14 |
-1,078.71 |
-1,528.17 |
|
Profit or loss in £² |
3,637.56 |
2,121.91 |
674.46 |
-606.26 |
-909.39 |
-1,288.30 |
|
Profit or loss in C$² |
6,231.22 |
3,634.88 |
1,155.37 |
-1,038.54 |
-1,557.80 |
-2,206.89 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 12:40 (GMT+1) 16/09/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.