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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.

19 - 23 December	weekly forecast 19 - 23 December The purchase of barrels
2022	EURUSD	GBPUSD	USDJPY
23 December	The structural labor shortage EURUSD trading plan: The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labor market, while the economy rebounded faster than previously estimated in the third quarter. Labor market strength, which also was underscor More	Britain to suffer the deepest recession GBPUSD trading plan: Britain's economy contracted more than first thought in the third quarter of this year, putting it bottom among the Group of Seven major advanced nations ahead of what is shaping up to be a dismal 2023, fresh data showed. Economic output fell by 0.3% in quarterly terms compared More	Japan bonds seen especially vulnerable USDJPY trading plan: The BOJ opened the door, obviously, for further unwinding of its super-loose policies. Concerns are also growing that Japanese investors could be persuaded to bring home some of the trillions of dollars they have stashed in foreign stocks and bonds as the yen and local bond yie More
22 December	The US real estate market was frozen	Positive macroeconomic statistics from the UK	The U.S. current account deficit narrowed sharply
21 December	Positive macroeconomic statistics from Germany	Sentiment is turning against the pound	BOJ has executed brilliantly
20 December	Positive macroeconomic statistics from Germany	Negative macroeconomic statistics from the UK	Negative macroeconomic statistics from the United States
19 December	Negative macroeconomic statistics from Germany	UK economy is contracting at a slow pace	Negative macroeconomic statistics from the United States

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Fundamental analysis of the Forex market in South Africa

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