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Fundamental analysis of the Forex market in South Africa

Fundamental analysis is one of the most complicated and at the same time critical methods of the Forex analysis. A special emphasis in this method is put on reports made by key persons of global economic arena. One of such persons is Mario Drahgi – the European Central Bank President.

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Fundamental analysis of the Forex market in South Africa

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:

Economic factors - the current economic situation, the forecast of growth or decline in GDP, trends in the main sectors of the economy in African countries;
Political factors - presidential and parliamentary elections, political scandals and confrontations, issues in international politics that may affect the countries of Africa;
Social factors – unemployment rate, public sentiment, population expectations;
Force majeure - natural disasters, wars, epidemics and other developments that can significantly affect the exchange rate of currencies of African countries.

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.

02 - 06 March	weekly forecast 02 - 06 March The coronavirus crisis
2020	EURUSD	GBPUSD	USDJPY
06 March	Positive macroeconomic statistics from the United States EURUSD trading plan: We are expecting a downtrend to develop. Positive macroeconomic statistics from the United States on the labor market will have a positive impact on the value of the dollar. The ISM’s gauge of services employment increased to 55.6 from 53.1, indicating more firms are adding to More	Positive macroeconomic statistics from the United States GBPUSD trading plan: The Organization of the Petroleum Exporting Countries on Thursday pushed for crude output by OPEC and associated producers - a group known as OPEC+ - to be cut by an extra 1.5 million barrels per day bpd in total until the end of 2020. The call came ahead of an OPEC+ meeting sc More	Positive signal for the stock markets and USDJPY USDJPY trading plan: The Federal Reserve, Central Bank of Australia and Bank of Canada both responded to the economic threats by cutting interest rates by 25-50 basis points this week. Yields on 10-year U.S. Treasuries fell to a record low and Treasury futures jumped as investors increased bets tha More
05 March	Good and bad news for the Euro	Positive macroeconomic statistics from the United Kingdom	The correlation between USDJPY and the stock markets
04 March	The bullish rally	A good day for the British currency	Fed said it was cutting rates
03 March	Federal Reserve will cut rates aggressively this month	Positive macroeconomic statistics from the UK	G7 policymakers will hold a conference call
02 March	The negative signal for the U.S. dollar	Negative macroeconomic statistics from the United States	The economic disruption

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Fundamental analysis of the Forex market in South Africa

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