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.
| 10 - 14 May |
weekly
forecast 10 - 14
May | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 14 May | EURUSD trading plan: The market jitters over accelerating U.S. inflation were calmed by Federal Reserve officials reiterating that price pressures from the reopening of the economy would prove transitory. Data on Wednesday showed annual U.S. consumer prices unexpectedly raised the most in over a de | GBPUSD trading plan: Online job adverts are on the rise in Britain, pushed up by the reopening of pubs and restaurants and other hospitality firms, and consumers are spending more money on dining out and on travel plans. Online job adverts hit 107% of their pre-pandemic February 2020 level on May 7 | USDJPY trading plan: The number of Americans filing new claims for unemployment benefits dropped to a 14-month low last week as companies held onto their workers amid a growing labor shortage. The scramble for workers comes as the reopening economy is experiencing a boom in demand, resulting in wid |
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