Movement in the Forex market is determined by fundamental factors. These are the key macroeconomic indicators of the state of the national economy that affect the participants in the Forex currency market and the level of exchange rates. It is these factors that are studied by fundamental analysis.
Information about discount rates of central banks, the economic course of the government, possible changes in the political life of the country, as well as all sorts of rumors and expectations are they.
One of the most important components of the success of a currency trader is the ability to analyze market changes and predict which factors and how will affect the exchange rate. Fundamental analysis establishes the relationship of exchange rates with the economic situation and the competitive position of trading countries, explains the goals and instruments of the financial policy of central banks, shows the relationship between various financial markets, the reasons for their ups and downs.
Conducting fundamental analysis is much more difficult than any other, since the same factors have an unequal impact on the market under different conditions.
The main group of participants in the FOREX international currency market is commercial banks. It is they who conduct the bulk of foreign exchange transactions at their own expense and on behalf of clients. Other participants in the foreign exchange market keep their accounts in commercial banks and send them applications for the purchase and sale of currency for their own needs, as well as loans or vice versa, keep their deposits in banks. (deposit and credit operations).Banks, being specialized organizations, accumulate market needs (supply and demand) through transactions with customers and, if they are not able to satisfy these needs themselves, they satisfy them through other banks. Therefore, FOREX, in fact, is not an exchange. In a strict sense, this is a market for interbank transactions. Commercial banks also carry out speculative operations at their own expense.
| 19 - 23 September |
weekly
forecast 19 - 23
September | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 23 September | EURUSD trading plan: The downturn in German business activity deepened in September, a preliminary survey showed, as higher energy costs hit Europe's largest economy and companies saw a drop in new business. S&P Global flash composite Purchasing Managers' Index, which tracks both the manufactur | GBPUSD trading plan: The downturn in British businesses steepened this month as they battled soaring costs and faltering demand, according to a survey that hammered home the rising risk of recession. The PMI is likely to raise new questions about the health of Britain's economy, after consumer conf | USDJPY trading plan: U.S. 30-year fixed-rate mortgages rose to 6.29%, the highest level since 2008, according to Freddie Mac mortgage market survey. The Federal Reserve's aggressive monetary policy tightening, including a 75-basis point hike announced on Wednesday, has weakened the housing market c |
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