USA100 special report based On 1.00 Lot Calculation:
- DESCRIPTION: The USA100 is a capitalization weighted index of 100 of the largest non-financial firms listed on the NASDAQ.
- EVENT (NFP, April 7th, 2023, 13:30 GMT+1): U.S. Non-Farm Payrolls and Unemployment Rate for March: The U.S. economy continues to run strong with over 300,000 new jobs added in February. The U.S. Federal Reserve remains data dependent and stronger than forecast numbers for March could lead to more aggressive interest rate targets, which would weigh the most on technology and growth companies common to the USA100.
- EVENT (CPI, April 12th, 2023, 13:30 GMT+1): The U.S. Consumer Price Index for March will be reported on April 12th. Inflation in the United States has been stickier than most economists had predicted. February’s CPI and Core CPI figures of 6% and 5.5% respectively were historically high and well above the U.S. Federal Reserve’s target of 2%. The U.S. Federal Reserve remains data dependent and continuing high inflation figures for March could lead to more aggressive interest rate targets, which would weigh the most on technology and growth companies common to the USA100.
- Technical Analysis: Weekly technical indicators including the RSI and the Stochastic show the USA100 is in an overbought condition and may be poised for a reversal.
(USA100), March 28th, 2023
Current Price:12,800.00
|
USA100 |
Weekly |
|
Trend direction |
|
|
14,000.00 |
|
|
13,600.00 |
|
|
13,200.00 |
|
|
12,300.00 |
|
|
11,700.00 |
|
|
11,000.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
USA100 |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
-12,000.00 |
-8,000.00 |
-4,000.00 |
5,000.00 |
11,000.00 |
18,000.00 |
|
Profit or loss in €2 |
-11,083.81 |
-7,389.21 |
-3,694.60 |
4,618.26 |
10,160.16 |
16,625.72 |
|
Profit or loss in £2 |
-9,735.68 |
-6,490.45 |
-3,245.23 |
4,056.53 |
8,924.37 |
14,603.51 |
|
Profit or loss in C$2 |
-16,362.48 |
-10,908.32 |
-5,454.16 |
6,817.70 |
14,998.94 |
24,543.72 |
- 1.00 lot is equivalent of 10 units
- Calculations for exchange rate used as of 13:30 (GMT+1) 28/03/2023
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.