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.
29 June - 03 July |
weekly
forecast 29 June - 03
July | ||
2020 | EURUSD | GBPUSD | USDJPY |
03 July | EURUSD trading plan: Positive macroeconomic statistics from the United States will have a negative impact on the value of the euro. The U.S. Labor Department said nonfarm payrolls rose by an estimated 4.800 million in the month to mid-June, compared to an average forecast ahead of time of 3.000 mil | GBPUSD trading plan: A bullish rally in the oil market will have a positive impact on the value of the British currency, as assets correlate with each other. U.S. crude inventories fell 7.2 million barrels from a record high last week, far more than analysts had expected, U.S. Energy Information Ad | USDJPY trading plan: The bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. The U.S. labor market extended its recovery from April’s collapse in June, creating over 1.5 million more jobs. "Today's data prove that our economy is roaring back," President Donald |
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