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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.

23 - 27 August	weekly forecast 23 - 27 August Equity funds secured biggest inflow in two months
2021	EURUSD	GBPUSD	USDJPY
27 August	Correlation between the European currency and gold EURUSD trading plan: The uptrend in the precious metals market will have a positive impact on the value of the European currency, since assets are correlated with each other. Gold prices rose above the key psychological level of $1,800 on Friday, supported by safe-haven demand and a dip in the doll More	Bullish rally in the oil market is positive for the pound GBPUSD trading plan: The bullish rally in the oil market will have a positive impact on the value of the British currency, since assets are correlated with each other. Oil prices rose on worries about supply disruptions as energy companies began shutting in production in the Gulf of Mexico ahead of More	Correlation between USDJPY and the U.S. stock market USDJPY trading plan: U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices. Profits from current production increased by $234.5 billion, or at a 9.2% quarterly rate, to a record $2.8 trillion, after rising at a 5.1% pace in the first More
26 August	The Federal Reserve is continuing to print money	Correlation between the British currency and WTI	Jackson Hole research conference
25 August	Correlation between the European currency and oil	The timing of the unwinding of Fed stimulus	Positive macroeconomic statistics from the United States
24 August	Negative macroeconomic statistics from the United States	Correlation between the British currency and oil	Delta variant have fuelled concerns
23 August	The Fed is continuing to print money	Delta variant of the coronavirus	Correlation between USDJPY and the U.S. stock market

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Fundamental analysis of the Forex market in South Africa

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