Movement in the Forex market is determined by fundamental factors. These are the key macroeconomic indicators of the state of the national economy that affect the participants in the Forex currency market and the level of exchange rates. It is these factors that are studied by fundamental analysis.
Information about discount rates of central banks, the economic course of the government, possible changes in the political life of the country, as well as all sorts of rumors and expectations are they.
One of the most important components of the success of a currency trader is the ability to analyze market changes and predict which factors and how will affect the exchange rate. Fundamental analysis establishes the relationship of exchange rates with the economic situation and the competitive position of trading countries, explains the goals and instruments of the financial policy of central banks, shows the relationship between various financial markets, the reasons for their ups and downs.
Conducting fundamental analysis is much more difficult than any other, since the same factors have an unequal impact on the market under different conditions.
The main group of participants in the FOREX international currency market is commercial banks. It is they who conduct the bulk of foreign exchange transactions at their own expense and on behalf of clients. Other participants in the foreign exchange market keep their accounts in commercial banks and send them applications for the purchase and sale of currency for their own needs, as well as loans or vice versa, keep their deposits in banks. (deposit and credit operations).Banks, being specialized organizations, accumulate market needs (supply and demand) through transactions with customers and, if they are not able to satisfy these needs themselves, they satisfy them through other banks. Therefore, FOREX, in fact, is not an exchange. In a strict sense, this is a market for interbank transactions. Commercial banks also carry out speculative operations at their own expense.
| 14 - 18 November |
weekly
forecast 14 - 18
November | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 18 November | EURUSD trading plan: After dealing with a largely friendly Congress over the past two years, Federal Reserve Chair Jerome Powell faces rising tensions over his policies as Democrats warn about job losses while Republicans continue to press on the importance of stable prices. During their control of | GBPUSD trading plan: Britain's economy will shrink by 2% in a recession that started during the previous quarter and is on track to last just over a year, the Office for Budget Responsibility forecast after new government fiscal plans. The OBR forecast Britain's economy would not reach its pre-pand | USDJPY trading plan: Mortgage rates in the US faced the biggest weekly decline in nearly 41 years, providing some relief after a rapid run-up that quickly priced out homebuyers. The average rate for a 30-year fixed mortgage was 6.61%, the lowest level in almost two months, Freddie Mac said in a sta |
| 17 November | |||
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| 14 November | |||
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