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.
| 28 July - 01 August |
weekly
forecast 28 July - 01
August Euro The Euro continues the consolidation against the dollar. The euro/dollar traded higher by 0.03%, close to 1.3470. The International Monetary Fund lowered its forecast for the global economic growth in 2014 from 3.7% in the April report to 3.4%. Trading recommendations In case of breaking | ||
| 2014 | EURUSD | GBPUSD | USDJPY |
| 01 August | |||
Euro The trader's attention was focused on the preliminary July inflation data in the euro area. We also got the similar data from Germany and Spain. Prior to the U.S. GDP and employment release from ADP, the euro/dollar was trading with depressed sentiment, but the 34th figure area support resisted the "bears" attack. After the strong GDP data release the level was broken and the euro tested the | |||
| 31 July | |||
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| 28 July | |||
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