Fundamental analysis in Forex allows to analyze various messages rendered by global events. The major goal of the fundamental Forex analysis is to determine which events can influence international exchange rates. News about stock trading and large market‐makers, international exchange rates of central banks, economic policy of governments, changes in national political life as well as various rumors and expectations matter for this type of Forex analysis.
Fundamental analysis is one of the most complicated and at the same time crucial types of the live Forex analysis. Success of the Forex fundamental analysis lays in determination of a clear mutual relation between two national currencies. For that purpose, one needs to understand how relations between those two states develop, know history of currency exchange rates, be able to forecast a total result and find a relation between events seeming to be completely untied at the first sight.
EURUSD trading plan: Optimism about promising vaccine trials has driven the buying of riskier currencies at the expense of the greenback. This has continued after biotech Moderna requested clearance for its coronavirus vaccine in both the U.S. and Europe on Monday, after late-stage trial results sh
GBPUSD trading plan: British factories recorded their fastest growth in almost three years last month as they stockpiled raw materials and rushed to complete work before new post-Brexit customs rules come into force on Jan. 1. The IHS Markit/CIPS Purchasing Managers' Index rose to 55.6 in November
USDJPY trading plan: U.S. President-elect Joe Biden urged lawmakers to pass a COVID-19 aid package that has been stalled in Congress for months, and promised more action to reactivate the economy after he takes office next month. "Right now, the full Congress should come together and pass a robust