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.
01 - 05 September |
weekly
forecast 01 - 05
September Euro The euro has completed the second month in a row in the minus due to the worsening situation in Ukraine. The single currency fell to 1.3131. Since early August, the euro has lost 1.6 percent and fell by 2.2 percent in July. The Eurozone leading countries indices did not show a positive eith | ||
2014 | EURUSD | GBPUSD | USDJPY |
05 September | |||
Euro The main currency sharply declined after the European Central Bank meeting. The ECB decided to reduce the interest rate from 0.15% to 0.05 that was at a surprise for the traders. The investors are interested in the Central Bank reaction to the euro area economy apparent decline and, in this regard, the incentive program possible launch. The EUR/USD fell below 1.2960. The support levels are 1 | |||
04 September | |||
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02 September | |||
01 September | |||