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.
| 19 - 23 May |
weekly
forecast 19 - 23
May Euro The euro traded slightly lower against the background data on the Eurozone trade balance. Eurozone trade surplus was seasonally adjusted and rose less than was expected in March - up to € 15, 2 billion to € 15 billion in February, while the projected increase to € 17, 3 billion in exports a | ||
| 2014 | EURUSD | GBPUSD | USDJPY |
| 23 May | |||
Euro The Macroeconomic Research Markit Economics published the manufacturing sector PMI in France and Germany. The Eurozone manufacturing sector’s leading economies entered a slowdown phase which together with the high euro exchange rate cannot be expected to show the positive data. In the light of this, we can expect the downward trend. The support levels are 1.3630- 1.3650, and the resistance | |||
| 22 May | |||
| 21 May | |||
| 20 May | |||
| 19 May | |||
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