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 February |
weekly
forecast 03 - 07
February | ||
2020 | EURUSD | GBPUSD | USDJPY |
07 February | EURUSD trading plan: Good and bad news for the Euro. The good news is a bullish rally in the gold market. Investors are increasing their long positions in the precious metals market. The coronavirus outbreak continued to spread today, as China reported this morning that the death toll climbed to 63 | GBPUSD trading plan: We are expecting an uptrend to develop. British retailers had their biggest increase in sales in six years in January as Prime Minister Boris Johnson's sweeping election win and price-cutting encouraged consumers to spend more. Accountancy firm BDO said its High Street Sales Tr | USDJPY trading plan: We are expecting a bullish rally on the U.S. stock market, which will have a positive impact on the value of USDJPY. Chinese President Xi Jinping and his U.S. counterpart Donald Trump held a conversation and reaffirmed their commitment to implementing Phase 1 of the trade deal |
06 February | |||
05 February | |||
04 February | |||
03 February |