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.
| 24 - 28 February |
weekly
forecast 24 - 28
February | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 28 February | EURUSD trading plan: The U.S. economy grew moderately in the fourth quarter, the government confirmed. The economy grew by an unrevised 2.3% in 2019, the slowest annual growth in three years and missing the White House's 3% growth target for a second straight year. A key measure of underlying deman | GBPUSD trading plan: Activity in China's vast manufacturing sector likely shrank at the fastest pace since the global financial crisis in February as the coronavirus suspended large movements of goods and people in most parts of the country. This is a negative factor for “high-yield” assets and the | USDJPY trading plan: A bearish rally in stock markets has a negative impact on the value of USDJPY. The S&P index recorded four new 52-week highs and 97 new lows, while the Nasdaq recorded 23 new highs and 442 new lows. Money markets have boosted their bets on the prospect of more Federal Reserve i |
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