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.
03 - 07 May |
weekly
forecast 03 - 07
May | ||
2021 | EURUSD | GBPUSD | USDJPY |
07 May | EURUSD trading plan: The bullish rally in the gold market will have a positive impact on the value of the European currency, as the assets are correlated with each other. Gold was up in Asia, ending the week close to a two-and-a-half-month high. The dollar slid to a one-week low and the benchmark U | GBPUSD trading plan: At its meeting ending on 5 May 2021, 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%. New Covid cases in the United Kingdom have continued to fall, t | USDJPY trading plan: Financials and industrials led rally in U.S. shares after a report showed the number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started, signaling the labour market recovery entered a new phase |
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