Fundamental analysis of the Forex market in Malaysia
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.
| 21 - 25 February |
weekly
forecast 21 - 25
February | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 24 February | EURUSD trading plan: The European Central Bank may be in position to end bond purchases as euro zone inflation appears to be moving closer to the bank's 2% target, Philip Lane, the bank's chief economist told. With price pressures building, the ECB abandoned this month a pledge not to raise interes | GBPUSD trading plan: Bank of England Governor Andrew Bailey said there were clear risks that inflation could again overshoot the central bank's forecasts but markets should not get carried away about the likely scale of interest rate rises. The BoE forecasts inflation will peak at a 30-year high of | USDJPY trading plan: San Francisco Federal Reserve Bank President Mary Daly said, she expects the U.S. central bank will need to raise rates at least four times this year, and likely more, to stop high inflation from getting worse. "There is broad agreement that inflation is too high and the policy |
| 23 February | |||
| 22 February | |||
| 21 February | |||
