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.
| 11 - 15 March |
weekly
forecast 11 - 15
March | ||
| 2019 | EURUSD | GBPUSD | USDJPY |
| 15 March | EURUSD trading plan: Investors received a new portion of negative macroeconomic statistics from the United States. The Commerce Department said on Thursday new home sales declined 6.9 percent to a seasonally adjusted annual rate of 607,000 units. Expensive lumber as well as land and labor shortages | GBPUSD trading plan: U.K. voted in favor of requesting a delay to Brexit beyond March 29 by a vote of 412 to 202. EU leaders will be meeting on March 21 to discuss whether to grant the U.K. an extension to Brexit. Investors expected this outcome. This event is taken into account in the current quot | USDJPY trading plan: The trend in the US stock market will have a strong impact on the course of trading. The S&P index recorded 36 new 52-week highs and no new low. Bullish rally on the stock market will have a positive impact on USDJPY. The Japanese yen is the funding currency in carry trade oper |
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