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.
23 - 27 October |
weekly
forecast 23 - 27
October | ||
2023 | EURUSD | GBPUSD | USDJPY |
27 October | EURUSD trading plan: The U.S. economy grew at its fastest pace in nearly two years in the third quarter, once again defying dire warnings of a recession that have lingered since 2022. Gross domestic product increased at a 4.9% annualized rate last quarter, the fastest since the fourth quarter of 20 | GBPUSD trading plan: The rise prices are suitable for opening short positions in two ways. First, the bond market is witnessing a widening of the yield spread between US and UK government bonds, which is favourable for the US dollar. The London futures market indicates that investors do not expect | USDJPY trading plan: Japanese Finance Minister Shunichi Suzuki warned traders against selling the yen again, saying authorities were closely watching moves. He made no direct comment about the potential for intervention. A recent surge in global interest rates is heightening pressure on the Bank of |
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23 October |