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.
2024 | EURUSD | GBPUSD | USDJPY |
25 October | EURUSD: On Thursday, the EUR/USD exchange rate made a partial recovery, rebounding by four-tenths of a percent to reach 1.0800. Despite a rebound at the end of the week, the Fibonacci retracement remains well below recent highs, having dropped by over four per cent from late September peaks near 1 | GBPUSD: On Thursday, the GBP/USD pair made a recovery, rising by 0.4% as cable traders attempted to maintain the price above the 1.2900 mark. The UK Purchasing Managers' Index (PMI) data released early Thursday generally fell short of expectations. However, the PMI components for services and manuf | USDJPY: The Japanese yen (JPY) failed to capitalise on the previous day's recovery move against its US counterpart, attracting fresh sellers during the Asian session on Friday. The latest data, published on Thursday, revealed a contraction in business activity across Japan's manufacturing and servi |
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