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.
17 - 21 March |
weekly
forecast 17 - 21
March Euro Perhaps, the German institute ZEW business environment will be the most interesting event for the current week. They forecast the index decrease which can negatively impact the euro, as it indicates, that Germany has less force to pull the whole monetary unit on its shoulders. Also, the ECB Pr | ||
2014 | EURUSD | GBPUSD | USDJPY |
21 March | |||
Euro Prior to the announcing of the FOMC meeting results the euro/dollar continued to trade in a narrow range. After the meeting results were announced, the pair began a rapid fall as a result of which it has overcome the current lows at 1.3833 and tested 1.3809 mark. Here the demand for euro remains, which enabled it to revert to the level 1.3843, in the area which is the resistance now. The su | |||
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