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.
2023 | EURUSD | GBPUSD | USDJPY |
21 July | EURUSD trading plan: Euro zone gross domestic product was flat in the first three months of this year against the previous quarter, the EU's statistics agency Eurostat said, revising a previous reading of a 0.1% quarter-on-quarter contraction. The revision means that the 20 countries sharing the eu | GBPUSD trading plan: UK retail sales data beat market expectations during the hottest June on record, benefitting department stores in particular. The data from the Office for National Statistics showed a year-on-year decline in retail sales of 1.0%, which was an improvement from the 2.1% drop in M | USDJPY trading plan: The Bank of Japan is leaning towards keeping its yield control policy unchanged at next week's meeting, five sources familiar with its thinking said, as policymakers prefer to scrutinise more data to ensure wages and inflation keep rising. Some market players bet the central ba |
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