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.
30 June - 04 July |
weekly
forecast 30 June - 04
July Euro The U.S. dollar was hit by the GDP report for the 1st quarter which had shown a stronger than analysts had expected the U.S. economy reduction. The GDP decline was 2.9%, the worst figure, starting with the I quarter of 2009., when GDP fell by 5.9% immediately. It should be noted that any we | ||
2014 | EURUSD | GBPUSD | USDJPY |
04 July | |||
Euro We have got a lot of the euro/dollar data. In the first half of the day we expect the side trends development - investors take a wait before the ECB's credit policy meeting outcome announcement. The interest rates are expected to be maintained at current levels and all the market participants' attention will be drawn to the Mario Draghi press-conference. The support levels are 1.3570- 1.3590 | |||
03 July | |||
02 July | |||
01 July | |||
30 June | |||