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.
15 - 19 June |
weekly
forecast 15 - 19
June | ||
2020 | EURUSD | GBPUSD | USDJPY |
19 June | EURUSD trading plan: Good and bad news for the Euro. The Labor Department reported that U.S. weekly jobless claims were 1.508 million for the week ended Jun. 15. Continuing claims, which show the number of people receiving benefits after an initial week of aid, came in above expectations at 20.54 m | GBPUSD trading plan: The Bank of England held rates steady at historic lows of 0.1% and ramped up its bond purchases by £100 billion, as expected. The central bank said it stands "ready to take further action as necessary" to support the economy and boost inflation to its 2% target. The LIBOR rates | USDJPY trading plan: More than 12 states reported that confirmed cases climbed in the past week at a pace faster than the previous week. The novel COVID-19 caseloads continue to surge across the South and West of the United States. For specifics, Arizona announced 2,519 new cases on Thursday mornin |
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