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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.

03 - 07 June	weekly forecast 03 - 07 June Buy BTCUSD, #Gazprom
2019	EURUSD	GBPUSD	USDJPY
07 June	Negative macroeconomic statistics from Germany EURUSD trading plan: Negative macroeconomic statistics from Germany will have a negative impact on the value of the Euro. Industrial output declined by 1.9% on the month. Separate data showed exports dropping by 3.7 percent in April, the biggest drop since August 2015. German business is experienci More	High political risks in the United Kingdom GBPUSD trading plan: High political risks in the United Kingdom make investment funds avoid buying British currency. The solution to the BREXIT problem will positively affect the value of the British rule. Unlike the rest of Britain's economy, the job market has performed strongly since the BREXIT More	The positive dynamics of the stock markets USDJPY trading plan: The positive dynamics of the stock markets will have a positive impact on the value of USDJPY, as there is a correlation between the instruments. Investors buy shares on expectations global central banks will soon embark on an easing cycle in the face of international trade fri More
06 June	Sell EURUSD and buy #DAX30	Positive macroeconomic statistics from the United States	Good news and bad news
05 June	Negative macroeconomic statistics from the Euro zone	The technical correction of the British currency	Bullish trend in stock markets
04 June	Negative macroeconomic statistics from the United States	British business is afraid of political risks	The good signal for the U.S. stock market and USD JPY
03 June	The negative signal for the U.S. currency	Investors close short positions	Inversion

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Fundamental analysis of the Forex market in South Africa

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