Forex fundamental analysis is a complex and thorough method of predicting the situation on the international currency market. Unlike technical analysis, which takes into account only fluctuations in the exchange rate, fundamental analysis proceeds from the fact that many factors affect the value of a currency.
The results of the fundamental analysis of the Forex market in Africa and the conclusions of analysts will be useful for traders who trade currencies of African countries.
Complex of factors for fundamental analysis of the Forex market in Africa.
Fundamental analysis is carried out by leading analysts and experts of the Forex market in Africa. In order to make the most accurate and detailed forecast, they take into account a combination of factors. These factors can be divided into 4 groups:
After analyzing the whole range of factors, analysts make a forecast of the exchange rate of currencies of African countries. The accuracy of this forecast is very high for countries in which the political and economic situation is stable. Force majeure factors are the most difficult to predict in fundamental analysis. Natural disasters, social unrest, power grabs are hard to foresee. But these catastrophes greatly affect the exchange rates.
Benefits of Fundamental Analysis for Forex Traders.
Fundamental analysis of the Forex market in Africa will be useful for traders and investors. The conclusions and forecasts of experts will allow you to make the right decision to buy or sell a particular currency. After reviewing the results of the analysis, traders will be able to conclude profitable deals or get rid of the currency in time, the rate of which will soon begin to decline.
Also, forecasts and conclusions obtained by the method of fundamental analysis are necessary for investors. This forecast has the highest accuracy and reliability. It will be of interest to market participants earning on long-term investments at the currencies of the countries of Africa.
12 - 16 October |
weekly
forecast 12 - 16
October | ||
2020 | EURUSD | GBPUSD | USDJPY |
16 October | EURUSD trading plan: European Union leaders said agreeing a "fair" new partnership with Britain was "worth every effort" but that the bloc would not compromise at any cost and was ready for an abrupt split in trade worth a trillion euros every year. Britain left the EU in Januar | GBPUSD trading plan: EU leaders did not commit to work "intensively" with the UK to reach a trade deal and placed the onus on Britain to "make the necessary moves" to secure an agreement. Following the conclusion of the first day of the European summit, Michel Barnier, the EU's | USDJPY trading plan: The US Labor Department said 898,000 Americans filed for unemployment insurance, up 53,000 from the prior week's 845,000. That was above economists' estimates for 820,000 claims and the highest since Aug. 22. This is a negative signal for USDJPY. A day after conceding that stim |
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