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.
14 - 18 December |
weekly
forecast 14 - 18
December | ||
2020 | EURUSD | GBPUSD | USDJPY |
18 December | EURUSD trading plan: The bullish rally in the commodity market will have a positive impact on the value of the European currency, as assets are correlated with each other. Gold was bolstered by the announcement by the Federal Reserve buy at least $80 billion per month of Treasury securities and $40 | GBPUSD trading plan: Senior British minister Michael Gove put the chances of securing a trade deal with the European Union at less than 50%, striking a pessimistic tone just two weeks before Britain completes its departure from the bloc. EU diplomatic sources said the 27 member states would get an | USDJPY trading plan: U.S. homebuilding and permits increased solidly in November, pointing to sustained housing market strength even as the broader economic recovery is slowing amid resurgence in new COVID-19 cases and lack of additional government money. Permits for future homebuilding raced 6.2% |
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