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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.

Forex Fundamental Analysis

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.

10 - 14
August
weekly
forecast
10 - 14
August
2020 EURUSD GBPUSD USDJPY
14
August

EURUSD trading plan: Good and bad news for the European currency. We can expect a decline against the background of positive statistics from the United States. We will receive data on retail sales for July, which may delight investors with strong growth, as the labor market improves in the States.

GBPUSD trading plan: The positive dynamics of the oil market forces investors to increase long positions in the British currency, as assets correlate with each other. China’s economic recovery continued in July, with industry growing at the same pace as June due to overseas demand. This is a positi

USDJPY trading plan: Initial claims for state unemployment benefits decreased 228,000 to a seasonally adjusted 963,000 for the week ended Aug. 8. That was the lowest level since mid-March when authorities started shutting down non-essential business to slow the spread of the novel COVID-19. There w

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