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.
04 - 08 November |
weekly
forecast 04 - 08
November #BRENT: We are expecting the bullish rally to continue this week! Cleanup crews in Walsh County, North Dakota, are working to plug the Keystone pipeline after oil leak. The shutdown threatens to cut off a large amount of regular supply of heavy Canadian crude to the United States. Canada is the b | ||
2019 | EURUSD | GBPUSD | USDJPY |
08 November | EURUSD trading plan: Investors are increasing short positions in the precious metals market which will negatively affect the value of the Euro, as this currency correlates with gold. Gold headed for the biggest weekly loss in more than two years as progress in U.S-China trade talks hammered demand | GBPUSD trading plan: The Bank of England is growing increasingly concerned about BREXIT. Michael Saunders and Jonathan Haskel wanted to lower the benchmark by a quarter point - the first votes for looser policy since 2016. In their re-branded Monetary Policy Report, officials cut their forecasts fo | USDJPY trading plan: A bullish rally in the stock markets will have a positive impact on the value of the USDJPY currency pair. Washington and Beijing moved closer to a phase-one agreement. The amount of tariff relief that would come in the first phase, set to be signed in the coming weeks, would d |
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