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.
12 - 16 May |
weekly
forecast 12 - 16
May Euro The technical picture supports prospects for further pair reduction the course of which still shows a considerable overbought on main timeframes. The pair wave structure demonstrates the completion of the previous cycle and reverses the upward movement of the single European currency to | ||
2014 | EURUSD | GBPUSD | USDJPY |
16 May | |||
Euro The main event was the GDP euro area report in the 1st quarter 2014. The economic growth rate went into negative area in the 2012 and 2013 first quarter, and this time in the first three months of this year the negative trend may be interrupted. Nevertheless, internal and external environment do not drive to the strong data publication - unemployment is still decreasing and located at a hig | |||
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