USA100 Weekly Special Report based on 1.00 Lot Calculation:
USA100 INDEX:
- WHAT IS A STOCK INDEX: According to Investopedia.com, a stock index measures the price performance of a basket (group) of stocks using a standardized methodology. The NASDAQ 100 Index is one of the world's best-known indexes and one of the most commonly used benchmarks for the stock market.
- COMPONENTS: USA100 includes 100 companies including Apple, Google, Nvidia, Meta, and Microsoft.
RECENT TREND:
- THE NASDAQ 100 IS NOW UP AROUND 80% FROM ITS OCTOBER 2022 LOWS: The Nasdaq has sharply rallied from October 2022 lows, as the tech sector continues to remain the best-performing sector in the United States. The Nasdaq rally has outpaced both the S&P500 and the Dow Jones Industrial index since October 2022.
ANALYSIS OF MOST RECENT USA100 PRICE CORRECTIONS:
- JULY- AUGUST 2024: The USA100 has lost 17.31% over that period testing its lowest since April 2024 (17351). Since it tested the mark of 17351, the USA100 has managed to recover by around 15.40%.
- MARCH - APRIL 2024: The USA100 lost 8.52% over that period testing its lowest since January 2024 (17113.75). Since it tested the mark of 17113.75, the USA100 has managed to recover by around 5.0%.
- JULY - OCTOBER 2023: The USA100 lost 11.96% over that period testing its lowest since May 2023 (14140.13). Since it tested the mark of 14140.13, the USA100 has managed to recover by around 27%.
NEXT ECONOMIC EVENTS:
- FRIDAY, SEPTEMBER 6 AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (AUGUST). The US labor market has seen some weakness over the past few months as the unemployment rate managed to rise to its highest since late 2021 (4.3%). This is creating a headache to the US Federal Reserve ahead of the September meeting and this week’s data could give better clues whether the Fed could be more aggressive in cutting interest rates in the next few months.
NEXT COMPANY EVENTS:
- APPLE: iPhone 16 Release
MONDAY, SEPTEMBER 9 AT 18:00 GMT+1: APPLE iPhone 16 Release. The event is expected to draw investors’ attention as Apple will have a chance to put together its A.I. strategy and its best-selling product, the iPhone. The new iPhone models are expected to contain A.I. chips and features, which would bring new and different experience to the customers.
- META (FACEBOOK): META CONNECT
WEDNESDAY AND THURSDAY, SEPTEMBER 25- 26: META CONNECT. Connect will showcase a lineup of Meta’s latest digital solutions from its social media and XR umbrella. Meta has not yet revealed details on the event, other than the event will feature a number of expected sessions, featured technology, and speakers such as CEO Mark Zuckerberg. Historically, Connect is an event that reveals, among other things, deep insights into the firm’s XR roadmap. In past events, Connect events have featured the company’s rebrand, Meta Quest 3, and RayBan AR glasses.
CENTRAL BANKS MEETINGS IN SEPTEMBER:
- BANK OF CANADA INTEREST RATE DECISION (WEDNESDAY, SEPTEMBER 4 AT 14:45 GMT+1). The Bank of Canada is expected to keep cutting its rates. In September, the bank is expected to slash rates by 25 basis points to 4.25% from the current 4.50%. This would be its third cut in 2024.
- EUROPEAN CENTRAL BANK INTEREST RATE DECISION (THURSDAY, SEPTEMBER 12 AT 13:15 GMT+1). The European Central Bank is expected to cut its rates, too. In September, the bank is expected to slash rates by 25 basis points to 4.00% from the current 4.25%. This would be its second cut in 2024.
- FEDEERAL RESERVE INTEREST RATE DECISION (WEDNESDAY, SEPTEMBER 18 AT 19:00 GMT+1). The most recent economic turmoil in the US raised chances that the Fed could cut interest rates by 25 basis points in September, another 50 basis points in November and 25 basis points in December 2024. All in all, that could reduce interest rates from the current 5.5% (the highest in over 20 years) to 4.50%.
- BANK OF ENGLAND INTEREST RATE DECISION (THURSDAY, SEPTEMBER 19 AT 12:00 GMT+1). The Bank of England is expected to keep cutting its rates, too. In September, the bank is expected to slash rates by 25 basis points to 4.75% from the current 5.00%. This would be its second cut in 2024.
USA100, September 4, 2024
Current Price: 18,850
|
USA100 |
Weekly |
|
Trend direction |
|
|
21,000 |
|
|
20,400 |
|
|
19,600 |
|
|
18,200 |
|
|
18,000 |
|
|
17,800 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
USA100 |
||||||
|
Profit or loss in $ |
21,500 |
15,500 |
7,500 |
-6,500 |
-8,500 |
-10,500 |
|
Profit or loss in €² |
19,449 |
14,021 |
6,785 |
-5,880 |
-7,689 |
-9,498 |
|
Profit or loss in £² |
16,385 |
11,813 |
5,716 |
-4,954 |
-6,478 |
-8,002 |
|
Profit or loss in C² |
29,146 |
21,012 |
10,167 |
-8,812 |
-11,523 |
-14,234 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 04/09/2024
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.