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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.

08 - 12 November	weekly forecast 08 - 12 November Bullish rally in stock markets
2021	EURUSD	GBPUSD	USDJPY
12 November	Euro zone inflation expectations are at risk EURUSD trading plan: Euro zone inflation expectations are at risk of continuing to overshoot the European Central Bank's 2% target next year, according to a poll of investment banks who raised their outlook for consumer prices for a fifth consecutive month. Euro zone inflation was forecast to avera More	OPEC cut its world oil demand forecast GBPUSD trading plan: OPEC cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb the recovery from COVID-19. OPEC said it expects oil demand to average 99.49 million barrels per day in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The ye More	Positive signal USDJPY trading plan: U.S. President Joe Biden and Chinese leader Xi Jinping are expected to address leaders of the Pacific Rim late amid heightened regional trade and geopolitical tensions. The comment was seen as a reference to efforts by the United States and its regional allies to blunt what the More
11 November	Correlation between the European currency and gold	Jerome Powell vs Lael Brainard	The bondholders of Evergrande have received coupon
10 November	Investors looking forward to key U.S. inflation	Correlation between the British currency and oil	The Bank of Japan will lag its peers
09 November	Correlation between the European currency and gold	New forecasts of the US Federal Reserve	New infrastructure bill
08 November	Correlation between the European currency and gold	The UK rates would need to rise	Correlation between S&P500 and USDJPY

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Fundamental analysis of the Forex market in South Africa

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