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Forex Analytics

The main work of the trader is to collect and process the information (forex analytics). The ability to perform trend analysis and take into account the fundamental and technical indicators allows timely identification of future changes in the currency exchange rates in Forex. The dynamics of exchange rates, on the one hand, provides opportunities for raising capital, but on the other hand, there are hidden risks of losing the capital. Therefore, the correct prediction (true assessment of the events, use of trade rumors and expectations) are part of the analysis of the financial markets. For a successful trade, it is necessary to use all the factors affecting the Forex currency market.

Factors affecting the Forex online currency market:

  1. Indicators characterizing the state of the national economy (GDP dynamics, growth or decline of industrial production, retail sales, etc.);
  2. Interest rates of central banks;
  3. Inflationary pressures in the economy, the size of the monetary base;
  4. Unemployment rate;
  5. Balance of payments, trade balance;
  6. The increase or decrease in the capitalization of stock markets;
  7. Country’s reputation in the international arena.

RoboForex provides a full range of Forex Analysis:

  • Economic Calendar – daily digest of news and important events on the Forex market
  • Forex forecasts – daily technical analysis and forecastsconcerning Forex market
  • Forex Calculator–the possibility of calculating the reserve by the amount of contract size and a particular currency pair that you’re interested in.
  • Leading microeconomic indicators – the possibility of forecasting the trend of price movement, thus, predicting the future situation on the currency market
  • Bank interest rates – interest rates of the leading world banks
  • International bank holidays – the list of international bank holidays affecting Forex market working hours this year.