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 May |
weekly
forecast 20 - 24
May | ||
2019 | EURUSD | GBPUSD | USDJPY |
24 May | EURUSD trading plan: Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The Commerce Department said new home sales dropped 6.9% to a seasonally adjusted annual rate of 673,000 units last month. Sales dropped in the South, the Midwest and | GBPUSD trading plan: Buy the British currency! The UK retail sales report for April may please traders with positive data. The increase in wages indicates an increase in retail trade in the United Kingdom. The UK retail sales contribute the majority to the British gross domestic product. Negotiatio | USDJPY trading plan: Positive news from Japan will negatively affect the value of USDJPY. An inflation gauge closely watched by the Bank of Japan accelerated at its fastest pace in almost three years- core consumer prices rose 0.9% in April from a year earlier. Japanese companies typically revise p |
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