GBP/USD Weekly Special Report based on 1.00 Lot Calculation:
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FRIDAY, DECEMBER 6, AT 13:30 GMT: US NONFARM PAYROLS & UNEMPLOYMENT RATE (NOVEMBER): Strong payroll growth or a lower unemployment rate could bolster the USD, reinforcing expectations of a resilient labor market. The unemployment rate is expected to show an increase to 4.2% from the previous 4.1%.
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WEDNESDAY, DECEMBER 11, AT 13:30 GMT: U.S INFLATION (CPI) (NOVEMBER): The U.S is scheduled to report its CPI figure for the month of November. The CPI inflation data from last month of October came out at 2.6%, up from the 2.4% in September. If it comes above the recent 2.6%, the US Dollar may face upward pressure, while the GBP/USD pair could depreciate in value.
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THURSDAY, DECEMBER 12, AT 07:00 GMT: UK GROSS DOMESTIC PRODUCT (GDP): The UK is expected to release its GDP data regarding the month of October. If the data miss expectations, GBP/USD could further fall in value.
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WEDNESDAY, DECEMBER 18, AT 19:00 GMT: US FEDERAL RESERVE INTEREST RATE DECISION: The Fed is expected to cut interest rates, signaling a shift toward stimulating economic growth. The current rate is at 4.75%.
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THURSDAY, DECEMBER 19, AT 12:00 GMT: BANK OF ENGLAND INTEREST RATE DECISION: Since August 2024, the BoE has cut its rates two times to send their benchmark rates down to the current 4.75%. This has potentially led the GBP/USD to lose more than 1% over the past couple of months.
GBPUSD, DECEMBER 2, 2024
Current Price: 1.26800
|
GBP/USD |
Weekly |
|
Trend direction |
|
|
1.2900 |
|
|
1.2850 |
|
|
1.2800 |
|
|
1.2530 |
|
|
1.2300 |
|
|
1.2050 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
GBP/USD |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
-2,200.00 |
-1,700.00 |
-1,200.00 |
1,500.00 |
3,800.00 |
6,300.00 |
|
Profit or loss in €² |
-2,096.04 |
-1,619.67 |
-1,143.29 |
1,429.12 |
3,620.43 |
6,002.29 |
|
Profit or loss in £² |
-1,737.26 |
-1,342.42 |
-947.59 |
1,184.49 |
3,000.71 |
4,974.87 |
|
Profit or loss in C$² |
-2,855.97 |
-2,206.89 |
-1,557.80 |
1,947.26 |
4,933.05 |
8,178.47 |
- 1.00 lot is equivalent of 100.000 units
- Calculations for exchange rate used as of 13:00 (GMT) 2/12/2024
There is a possibility to use Stop-Loss and Take-Profit.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique could protect the profit.