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.
20 - 24 July |
weekly
forecast 20 - 24
July | ||
2020 | EURUSD | GBPUSD | USDJPY |
24 July | EURUSD trading plan: A bullish rally in the gold market will have a positive impact on the value of the euro. Gold futures on Comex settled up 1.2%, at $1,888 per ounce. That was the highest since September 2011, when Comex gold hit a record high of $1,911.60. Gold’s continued rally came on the bac | GBPUSD trading plan: Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound. The Confederation of British Industry's monthly order book balance rose to -46 in July from -58 in June. This was its highest reading since March. The CBI said manufacturers' ex | USDJPY trading plan: The United States recorded more than 915,000 Covid-19 cases over the past two weeks, more than the number reported for all of June. Top U.S. pandemics expert Anthony Fauci said earlier this month that the daily case growth could reach 100,000 without proper social- distancing a |
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