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Fundamental analysis of the Forex market in South Africa

Fundamental analysis is one of the most complicated and at the same time critical methods of the Forex analysis. A special emphasis in this method is put on reports made by key persons of global economic arena. One of such persons is Mario Drahgi – the European Central Bank President.

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Fundamental analysis of the Forex market in South Africa

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:

Economic factors - the current economic situation, the forecast of growth or decline in GDP, trends in the main sectors of the economy in African countries;
Political factors - presidential and parliamentary elections, political scandals and confrontations, issues in international politics that may affect the countries of Africa;
Social factors – unemployment rate, public sentiment, population expectations;
Force majeure - natural disasters, wars, epidemics and other developments that can significantly affect the exchange rate of currencies of African countries.

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.

03 - 07 October	weekly forecast 03 - 07 October U.S. inflation remains very high
2022	EURUSD	GBPUSD	USDJPY
07 October	Negative macroeconomic statistics from Germany EURUSD trading plan: German industrial orders dropped more than expected in August, dragged down by a fall in orders from the eurozone, where companies are battling with energy and inflation crises, data fresh showed. New orders in manufacturing fell by 2.4% month on month on a seasonally and calen More	Positive macroeconomic statistics from the UK GBPUSD trading plan: Activity among British construction companies improved unexpectedly last month, although the outlook darkened as growth in new orders dried up, a survey showed. The S&P Global/CIPS construction Purchasing Managers' Index rose to 52.3 in September from 49.2 in August and was More	The Fed is not done bringing down inflation USDJPY trading plan: The Fed is not done bringing down inflation, and they are locked into this aggressive rate-hiking campaign that will only change once we start to see inflation come down. That will obviously come along with deterioration in the labor market and all of these key economic reading More
06 October	The gloomy economic outlook	OPEC+ agreed steep oil production cuts	Positive macroeconomic statistics from the United States
05 October	The ECB will raise interest rates	The Fed is comfortable pausing	U.S. Treasury yields have fallen
04 October	The rising inflationary pressures	Negative macroeconomic statistics from the UK	Some of the slowdown
03 October	Negative macroeconomic statistics from Europe	Positive macroeconomic statistics from the United States	The market volatility

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Fundamental analysis of the Forex market in South Africa

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