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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.

28 February - 04 March	weekly forecast 28 February - 04 March Geopolitical tensions
2022	EURUSD	GBPUSD	USDJPY
04 March	The raising interest rates EURUSD trading plan: Russia's invasion of Ukraine adds uncertainty to the U.S. economic outlook and may boost near-term inflation, but household savings and strong economic growth should help limit the damage, New York Federal Reserve Bank President John Williams said. "The economy is coming i More	Stagflation? GBPUSD trading plan: Oil prices initially soared as the Ukraine sparked a run-on commodity that raised fears of "stagflation," while equity markets fell as investors gauge the impact of the Federal Reserve's plans to tighten monetary policy. The jump in commodity prices has raised concern More	Correlation between USDJPY and stock markets USDJPY trading plan: Asian and European equities slumped after news of a fire near a Ukraine nuclear facility following fighting with Russian forces heightened investor fears about the escalating conflict and sent oil prices higher. The risk-off appetite battered markets across the region. Investor More
03 March	Negative macroeconomic statistics from the euro zone	The risks in financial markets	Positive macroeconomic statistics from the United States
02 March	The lifting interest rates	A negative signal for the BoE	Positive macroeconomic statistics from the United States
01 March	The price pressures building	Correlation between the British currency and oil	Correlation with stock markets
28 February	The inflation pressures building	Positive macroeconomic statistics from the United States	An extended war in Eastern Europe

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Fundamental analysis of the Forex market in South Africa

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