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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.

02 - 06 May	weekly forecast 02 - 06 May The Fed is about to tighten monetary policy
2022	EURUSD	GBPUSD	USDJPY
06 May	The curve yield is steepening EURUSD trading plan: A selloff in long-end Treasuries pushed yields to fresh multi-year highs, with the benchmark 10-year rate pushing above 3% as trading flows favored a steeper curve and concern over inflation rattled the bond market. The 10-year was up as much as 10 basis points at 3.05% as the More	The BoE would increase rates GBPUSD trading plan: The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10%. The gloominess of the BoE's new forecasts for the world's fifth-largest economy caught investors by surprise. The BoE said it was also worried about the impact of More	The Fed is still focused on tackling inflation USDJPY trading plan: Futures on the federal funds rate priced in on Thursday a roughly 75% chance of a three quarters of a percentage point tightening by the Federal Reserve at next month's policy meeting. Rate futures have also factored in more than 200 bps of cumulative hikes for 2022 and a year- More
05 May	The need for speed on rate hikes	The Fed’s 2% target	Plans to tighten monetary conditions
04 May	Positive macroeconomic statistics from the United States	Positive macroeconomic statistics from the UK	The tightness in the U.S. labor market
03 May	Negative macroeconomic statistics from Europe	Fed to start reducing its balance sheet	The creating a near-term headwind
02 May	ECB policy makers' big concern	Positive macroeconomic statistics from the United States	Correlation between USDJPY and stock markets

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Fundamental analysis of the Forex market in South Africa

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