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.
07 - 11 July |
weekly
forecast 07 - 11
July Euro The euro fell against the U.S. dollar, trading around week low levels after the disappointing report on the German industrial orders, while European Central Bank President Mario Draghi comments continue to exert pressure. ECB President Mario Draghi reiterated the bank forecasts that rates w | ||
2014 | EURUSD | GBPUSD | USDJPY |
11 July | |||
Euro Despite the negative forecasts flow on the single currency, it is repelled from the low and is trying to grow. The Euro together with the U.S. dollar found a support around the 36th figure, from which rose to 1.3642. Its fall to 1.3610 after the FOMC minutes publication only attracted the buying interest, against which the pair rose again - this time to 1.3648. The demand on the dips remains | |||
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