June 11, 2024
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
EUR/USD Weekly Special Report based On 1.00 Lot Calculation:
● EVENT (US CPI INFLATION (MAY) - WEDNESDAY 12 JUNE, 2024 - 13:30 GMT+1): The United States is expected to release its CPI inflation figures for the month of May. Inflation has been steadily falling since its peak of 9.1% in July 2022 to 3.4% as of the latest reading. At the last reading CPI on a Year-on-Year basis met expectations while on a Month-on-Month basis it came in lower than expected (0.3% vs 0.4%). If the May print comes in lower than expected (3.4%) this could weaken the dollar and push the EURUSD pair higher.
● EVENT (US FEDERAL RESERVE INTEREST RATE DECISION -WEDNESDAY 12 JUNE, 2024 - 19:00 GMT+1): On June 12, 2024, the Federal Reserve will announce its decision on interest rates. Despite a 99.1% chance of no change, the Fed did not discount interest rate cuts in 2024 particularly in light of recent weaker economic labour market and inflation data. Lower interest rates in the US typically devalue the US Dollar, suggesting a potential push in the EURUSD price.
● EVENT (EUR CPI (MAY) - JUNE 18, 2024 09:00 GMT+1): The Eurozone is anticipated to release its CPI inflation data for the month of May on June 18th 2024. The previous reading came in at 2.6% (higher than expected). If the Eurozone CPI comes in higher than expected this could potentially push the EURUSD pair higher.
EURUSD, JUNE 11, 2024
Current Price: 1.076
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.100 |
|
|
1.090 |
|
|
1.084 |
|
|
1.069 |
|
|
1.067 |
|
|
1.065 |
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
2,400.00 |
1,400.00 |
800.00 |
-700.00 |
-900.00 |
-1,100.00 |
|
Profit or loss in €² |
2,230.23 |
1,300.97 |
743.41 |
-650.49 |
-836.34 |
-1,022.19 |
|
Profit or loss in £² |
1,886.17 |
1,100.27 |
628.72 |
-550.13 |
-707.31 |
-864.49 |
|
Profit or loss in C$² |
3,303.41 |
1,926.99 |
1,101.14 |
-963.49 |
-1,238.78 |
-1,514.06 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 09:20 (GMT+1) 11/06/2024
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