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 |
17 May | Event to watch out for today: 12:00 GMT+3. EUR - Consumer Price Index EURUSD: The Euro-dollar pair continues to lose ground, trading near 1.0860 during Asian hours on Friday. From a technical perspective on the daily chart, the analysis points to a sideways trend for the pair as it continues to sta | GBPUSD: The Pound-Dollar pair is showing modest gains near 1.2670 in the early Asian session on Friday. Meanwhile, the US Dollar Index (DXY) is recovering lost ground after pulling back to multi-week lows near 104.00 in the previous session. The Federal Reserve (Fed) is taking a cautious tone on in | USDJPY: The Dollar-Yen pair rose to 155.90 during the Asian session on Friday as the Japanese Yen (JPY) faced fresh pressure. This was due to the Bank of Japan (BoJ) maintaining its bond purchases from the previous operation, abandoning an unexpected cut in debt purchases earlier this week. Traders |
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