Fundamental analysis in Forex allows to analyze various messages rendered by global events. The major goal of the fundamental Forex analysis is to determine which events can influence international exchange rates. News about stock trading and large market‐makers, international exchange rates of central banks, economic policy of governments, changes in national political life as well as various rumors and expectations matter for this type of Forex analysis.
Fundamental analysis is one of the most complicated and at the same time crucial types of the live Forex analysis. Success of the Forex fundamental analysis lays in determination of a clear mutual relation between two national currencies. For that purpose, one needs to understand how relations between those two states develop, know history of currency exchange rates, be able to forecast a total result and find a relation between events seeming to be completely untied at the first sight.
EURUSD trading plan: We are expecting an uptrend to develop. IHS Markit's final Composite Purchasing Managers' Index seen as a good gauge of economic health, bounced to 48.5 in June from May's 31.9. Activity in the bloc's dominant service industry also almost returned to growth last month. Its PMI
GBPUSD trading plan: Positive macroeconomic statistics from the UK force investors to increase their long positions in the British currency. The IHS Markit/CIPS UK Services Purchasing Managers' Index rose to 47.1 from 29.0 in May. The survey showed 33% of services businesses, which account for the
USDJPY trading plan: The bullish rally in the Chinese stock market will have a positive impact on the value of USDJPY. Turnover on the Shanghai and Shenzhen exchanges exceeded 1 trillion Yuan for the first time in four months on Thursday and Friday. Stock indexes are at multi-month highs and margin