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 |
02 August | Event to pay attention to today: 15:30 GMT+3. USD - Non-Farm Employment Change EURUSD: EUR/USD consolidated above key technical levels on Thursday, dipping below the 1.0800 level, after a miss in the US Purchasing Managers' Index (PMI) data sparked fresh fears of deteriorating economic data pointi | Event to pay attention to today: 15:30 GMT+3. USD - Non-Farm Employment Change GBPUSD: The GBP/USD exchange rate fell to a new low on Thursday, dropping towards the 1.2700 level as concerns about a potential recession mounted. This followed the release of US Purchasing Managers Index (PMI) figures | Event to pay attention to today: 15:30 GMT+3. USD - Non-Farm Employment Change USDJPY: The USD/JPY pair is trading at approximately 149.40 during the Asian session on Friday, having rebounded from the four-month low of 148.50 recorded on Thursday. The increase in the USD/JPY pair can be attributed |
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