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 July |
weekly
forecast 14 - 18
July Euro The euro remained under the pressure after the latest data showed that the industrial production in France, Italy and Netherlands fell in May. It renewed the concerns about the forecast for the eurozone economy. Furthermore, the market sentiment fell on the growing fears about the financial | ||
2014 | EURUSD | GBPUSD | USDJPY |
18 July | |||
Euro States released the construction sector report which showed the growth compared with the previous month, with increased consumer confidence. We feel comfortable taking a short-term long position on the pair and record profits after updating the minimum 2014 value located around of 1.3480. The euro/dollar continues to fall. The pair tested and broke support at 1.3535 and then touched 1.3520. | |||
17 July | |||
16 July | |||
15 July | |||
14 July | |||