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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.

21 - 25 October	weekly forecast 21 - 25 October The bullish rally in stock markets
2019	EURUSD	GBPUSD	USDJPY
25 October	Negative macroeconomic statistics from the United States EURUSD trading plan: Investors are expected the Federal Reserve to cut interest rates at its October 30 meeting. This factor contributes to the decline in US government bond yields, which forces investors to open long positions on the Euro. President of the United States Donald Trump calls on the F More	High political risks GBPUSD trading plan: Prime Minister Boris Johnson called on Thursday for a general election on December. Johnson said in a letter to opposition Labour leader Jeremy Corbyn he would hand parliament more time to approve his BREXIT deal but that lawmakers must back a December election, Johnson's third More	The bullish rally in the stock markets USDJPY trading plan: We are expecting the continuation of the bullish rally in the stock markets, which will have a positive impact on the value of the currency pair USDJPY. The Nasdaq Composite index added 0.81% and the Nasdaq 100 index rose nearly 1%. No fewer than 162 stocks hit 52-week highs. I More
24 October	Correlation of Euro and oil	The Federal Reserve's stimulus policy	The bullish rally on the American stock market
23 October	Negative macroeconomic statistics from the United States	The bullish rally	A bullish rally in emerging markets
22 October	Good and bad news	High political risks	Tariffs on Chinese goods could be withdrawn
21 October	Political risks	The technical correction	Chinese Vice Premier H. Zheng vowed to further reduce tariffs

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Fundamental analysis of the Forex market in South Africa

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