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.
| 15 - 19 August |
weekly
forecast 15 - 19
August | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 19 August | EURUSD trading plan: Euro zone inflation reached a new record high of 8.9% year-on-year in July, the EU's statistics office confirmed. The European Union's statistics office Eurostat said consumer prices in the 19 countries using the euro rose 0.1% month-on-month in July for an 8.9% year-on-year in | GBPUSD trading plan: Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices, not OPEC, the producer group's new Secretary General Haitham Al Ghais told. A lack of investment in the oil and gas sector following a price slump sparked by COVID-19 ha | USDJPY trading plan: Kansas City Fed President Esther George said the US central bank had already “done a lot” on raising interest rates while her St. Louis colleague James Bullard backed another 75 basis-point move next month. Bullard, one of the most hawkish policy makers at the US central bank, |
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