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Fundamental analysis is one of the most complicated and at the same time critical methods of the Forex analysis. A special emphasis in this method is put on reports made by key persons of global economic arena. One of such persons is Mario Drahgi – the European Central Bank President.

Forex Fundamental Analysis

Fundamental analysis in Forex allows to analyze various messages rendered by global events. The major goal of the fundamental Forex analysis is to determine which events can influence international exchange rates. News about stock trading and large market‐makers, international exchange rates of central banks, economic policy of governments, changes in national political life as well as various rumors and expectations matter for this type of Forex analysis.

Fundamental analysis is one of the most complicated and at the same time crucial types of the live Forex analysis. Success of the Forex fundamental analysis lays in determination of a clear mutual relation between two national currencies. For that purpose, one needs to understand how relations between those two states develop, know history of currency exchange rates, be able to forecast a total result and find a relation between events seeming to be completely untied at the first sight.

2024 EURUSD GBPUSD USDJPY
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February

Event to watch out for today: 09:00 EET. EUR - CPI m/m EURUSD: During the early Asian session on Friday, EUR/USD is trading weakly. The major pair remains within the weekly range at 1.0770/80. On Wednesday, two US Federal Reserve officials stated that the central bank is on track to fight inflation

GBPUSD: The GBP/USD pair is failing to take advantage of yesterday's 50-pip rebound from the 1.2570 area and is trading in a narrow range during Friday's Asian session. Spot prices are currently near the upper limit of the weekly range, around 1.2620, and are supported by a slight decline in the US

USDJPY: During the Asian session on Friday, the Japanese yen (JPY) remained stable against the US dollar, consolidating the previous day's significant losses and reaching a new low for the year. Bank of Japan (BoJ) Deputy Governor Shin'ichi Uchida stated on Thursday that aggressive policy tightenin

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