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 April |
weekly
forecast 11 - 15
April | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 15 April | EURUSD trading plan: Short-dated euro zone bond yields and the single currency fell as traders pared back rate hike bets after the European Central Bank refrained from switching to a more hawkish stance. ECB concluded its latest meeting with cautious steps to unwind support and avoiding any firm pl | GBPUSD trading plan: U.S. retail sales grew only 0.5%, from an upwardly revised 0.8% gain in February. Core sales, which exclude automobile purchases, held up somewhat better, at 1.1%. As a result, retail sales were up 6.9% on the year. The government's data aren't adjusted for inflation. Consumer | USDJPY trading plan: China's explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing. Growth in the world's second-largest economy has slowed since early 2021 as traditional engines of the economy such as real esta |
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