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.
2024 | EURUSD | GBPUSD | USDJPY |
01 March | Events to pay attention to today: 12:00 EUR - Consumer Price Index 17:00 USD - ISM Manufacturing Index EURUSD: EUR/USD broke a three-day losing streak in the early European session on Friday. The major pair is recovering despite renewed demand for the US Dollar (USD). At the time of publication, the | Events to pay attention to today: 17:00 USD - ISM Manufacturing Index GBPUSD: The GBP/USD pair has been attracting some buying during the Asian session on Friday and currently appears to have broken a two-day losing streak, hitting a weekly low around 1.2615-1.2610. Spot prices are currently trading | Events to pay attention to today: 17:00 USD - ISM Manufacturing Index USDJPY: The Japanese Yen (JPY) strengthened sharply against its US counterpart and hit a two-week high on Thursday after Bank of Japan (BoJ) board member Hajime Takata made a clear hint of an imminent rate hike. At the same time, |
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