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.
17 - 21 May |
weekly
forecast 17 - 21
May | ||
2021 | EURUSD | GBPUSD | USDJPY |
21 May | EURUSD trading plan: Factory activity in the U.S. mid-Atlantic region slowed down in May after hitting its highest pace in nearly half a century earlier this spring, a fresh survey showed. The Philadelphia Federal Reserve Bank said its business activity index fell to 31.5 from 50.2 in April. It is | GBPUSD trading plan: British manufacturers reported the fastest growth in orders since December 2017 in May. The Confederation of British Industry's industrial orders balance - measuring the proportion of firms reporting order volumes above or below normal - rose to +17 from -8 in April. Export ord | USDJPY trading plan: Japan is set to expand a state of emergency to cover the southern island of Okinawa on Friday, just as it approved two more novel coronavirus vaccines to speed up its lagging inoculation campaign. Japan has so far vaccinated just 4.1 million of its population, according to Bloo |
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