Forex Fundamental analysis
One of the key factors, which has influence on any trader’s success is his ability to correctly predict the market movements. The two main methods are technical and fundamental analysis of Forex market.
An important feature of fundamental analysis is its global nature. Events, which are analyzed in fundamental analysis, have long-term influence on supply and demand on the currency market. This information is composed of the news about the world’s biggest political and financial events. It’s hard to overestimate the influenced the news has on financial markets: when the most important news is published, the market volatility increases.
It’s quite easy for an experienced trader to analyze and predict how a single event may influence the market. However, analysis of several events, which may influence the market in completely different ways, is a very complicated and time-consuming process. This may be the reason why only approximately 20% of traders use fundamental analysis as their main forecasting tool.
Fundamental approach to Forex market analysis, unlike technical one, covers not only the prices and their changes, but the reasons for these changes as well. Each approach has its followers, advantages and disadvantages.
The main currency pair is in the black on Wednesday afternoon, but investors are not ready to risk without knowing the Rate Decision.
On Wednesday afternoon, the AUD/USD pair is growing a little bit, thus neutralizing yesterday’s sales.
The GBP/USD pair is falling; bears are moving to reach April’s lows.
The main currency pair is trading downwards on Tuesday in anticipation of the USA FRS meeting.
As long as the macroeconomic calendar is empty, the Eurocurrency is slowly growing against the US Dollar.
The GBP/USD pair is trading downwards; the week end in the dumps.
On Thursday afternoon, the AUD/USD pair is falling after several trading sessions of growth.
In the middle of the week, the USD/JPY pair is trading downwards; positive GDP statistics provides support.
The GBP/USD pair stopped growing as fast as yesterday since investors prefer to save their strengths before televised debates.
The GBP/USD pair moved higher than 1.46 on Tuesday, after they published the results of another surveys relating to brexit.
On Tuesday, the main currency pair is moving upwards, although not as active as two days earlier.
The GBP/USD pair got under pressure again after they published the results of another surveys relating to brexit.
The AUD/USD pair is trading to the upside, but it has been moving sideways for the last four days.
The main currency pair is in the “green zone” before the ECB meeting and ready for comments.
The AUD/USD pair is falling on Thursday due to the complicated statistics and absence of ideas.