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.
24 - 28 August |
weekly
forecast 24 - 28
August | ||
2020 | EURUSD | GBPUSD | USDJPY |
28 August | EURUSD trading plan: We are expecting a bullish rally to develop. "The economy is always evolving, and the FOMC's strategy for achieving its goals must adapt to meet the new challenges that arise," said Federal Reserve Chair Jerome H. Powell. "Our revised statement reflects our appreciation for the | GBPUSD trading plan: Fed officials have said in the past few weeks that economic growth will be subdued as the COVID-19 pandemic will negatively impact consumer spending. D. Powell noted that inflation in the United States has rarely exceeded 2% in the past two decades, so the Fed will not worry an | USDJPY trading plan: Prime Minister Shinzo Abe, Japan's longest serving premier, is set to resign due to worsening health, ending a stint at the helm of the world's third-biggest economy during which he sought to revive growth, bolster defence and boost its global profile. Abe has battled the disea |
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