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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.

20 - 24 September	weekly forecast 20 - 24 September A positive signal for Gazprom
2021	EURUSD	GBPUSD	USDJPY
24 September	Negative macroeconomic statistics from the United States EURUSD trading plan: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 351,000 for the week ended Sept. 18. The four-week moving average of claims, considered a be More	A positive signal from the Bank of England GBPUSD trading plan: At its meeting ending on 22 September 2021, the The Bank of England’s Monetary Policy Committee judged that the existing stance of monetary policy remained appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%.The Committee voted by a majority of 7-2 for the Bank More	The bullish rally in stock markets USDJPY trading plan: U.S. Treasury yields jumped on Thursday after the Federal Reserve opened the door to raising interest rates as early as next year. The U.S. central bank said it would reduce its monthly bond purchases "soon" and half of the Fed's policymakers projected borrowing costs will need More
23 September	The Fed will continue to increase dollar liquidity	Correlation between the British currency and WTI	Correlation between USDJPY and stock markets
22 September	A negative day for the dollar	Investors are fixated this day on the Fed	Evergrande's liquidity crisis
21 September	The negative news for the dollar	Good and bad news	Evergrande will walk out of its darkest moment
20 September	A positive signal from the ECB	Correlation between the British currency and oil	Positive statistics from the United States

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Fundamental analysis of the Forex market in South Africa

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