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.
| 20 - 24 May |
weekly
forecast 20 - 24
May | ||
| 2019 | EURUSD | GBPUSD | USDJPY |
| 24 May | EURUSD trading plan: Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The Commerce Department said new home sales dropped 6.9% to a seasonally adjusted annual rate of 673,000 units last month. Sales dropped in the South, the Midwest and | GBPUSD trading plan: Buy the British currency! The UK retail sales report for April may please traders with positive data. The increase in wages indicates an increase in retail trade in the United Kingdom. The UK retail sales contribute the majority to the British gross domestic product. Negotiatio | USDJPY trading plan: Positive news from Japan will negatively affect the value of USDJPY. An inflation gauge closely watched by the Bank of Japan accelerated at its fastest pace in almost three years- core consumer prices rose 0.9% in April from a year earlier. Japanese companies typically revise p |
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