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.
| 01 - 05 December |
weekly
forecast 01 - 05
December Euro The last week main events were the Germany labor data and the OPEC oil cartel meeting. The number of unemployed fell by 14 thousand, the November overall unemployment rate was 6.6% compared to 6.7% in October that was revised up to 6.6%, the unemployment decrease by 0.1% has happened. At the | ||
| 2014 | EURUSD | GBPUSD | USDJPY |
| 05 December | |||
Euro The euro got under selling pressure and stayed almost at the current local lows. The reason for the cuttent disappointment can be the November final purchasing managers' index (PMI) for the eurozone service sector supply and the bloc leading countries. The retail sales data can support a little the euro. The release is expected with an increase in October by 0.5% m/m and up 1.6% y/y vs. -1.3 | |||
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