Forex fundamental analysis is a complex and thorough method of predicting the situation on the international currency market. Unlike technical analysis, which takes into account only fluctuations in the exchange rate, fundamental analysis proceeds from the fact that many factors affect the value of a currency.
The results of the fundamental analysis of the Forex market in Africa and the conclusions of analysts will be useful for traders who trade currencies of African countries.
Complex of factors for fundamental analysis of the Forex market in Africa.
Fundamental analysis is carried out by leading analysts and experts of the Forex market in Africa. In order to make the most accurate and detailed forecast, they take into account a combination of factors. These factors can be divided into 4 groups:
After analyzing the whole range of factors, analysts make a forecast of the exchange rate of currencies of African countries. The accuracy of this forecast is very high for countries in which the political and economic situation is stable. Force majeure factors are the most difficult to predict in fundamental analysis. Natural disasters, social unrest, power grabs are hard to foresee. But these catastrophes greatly affect the exchange rates.
Benefits of Fundamental Analysis for Forex Traders.
Fundamental analysis of the Forex market in Africa will be useful for traders and investors. The conclusions and forecasts of experts will allow you to make the right decision to buy or sell a particular currency. After reviewing the results of the analysis, traders will be able to conclude profitable deals or get rid of the currency in time, the rate of which will soon begin to decline.
Also, forecasts and conclusions obtained by the method of fundamental analysis are necessary for investors. This forecast has the highest accuracy and reliability. It will be of interest to market participants earning on long-term investments at the currencies of the countries of Africa.
| 15 - 19 June |
weekly
forecast 15 - 19
June | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 19 June | EURUSD trading plan: Good and bad news for the Euro. The Labor Department reported that U.S. weekly jobless claims were 1.508 million for the week ended Jun. 15. Continuing claims, which show the number of people receiving benefits after an initial week of aid, came in above expectations at 20.54 m | GBPUSD trading plan: The Bank of England held rates steady at historic lows of 0.1% and ramped up its bond purchases by £100 billion, as expected. The central bank said it stands "ready to take further action as necessary" to support the economy and boost inflation to its 2% target. The LIBOR rates | USDJPY trading plan: More than 12 states reported that confirmed cases climbed in the past week at a pace faster than the previous week. The novel COVID-19 caseloads continue to surge across the South and West of the United States. For specifics, Arizona announced 2,519 new cases on Thursday mornin |
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