Fundamental analysis is a method of evaluating what is happening on the market right now and might happen in the future on the basis of external events and factors. For the currency market, such factors are news, economic and financial statistics, meetings of global Central banks, and speeches delivered by their representatives. Fundamental approach allows to analyze both short- and long-term perspectives.
The main currency pair has started the week stably, a lack of news supports the balance.
On Friday, JPYUSD stopped its steep decline and stabilized, demand for the USD is returning.
The pound has managed to push off the minimums and preserves an impulse for recuperation.
The major currency pair is eager to recover after the stress at the beginning of the week.
Yesterday the major currency pair returned to weekly minimums and remains under pressure by Wednesday morning.
GBPUSD has reached its minimum since April 2017 due to the hardening of the attitude of the Conservative Party towards Brexit.
GBPUSD has resumed declining after a bounce last week; the attitude of the Bank of England grows milder.
Yesterday the main currency pair went down; however, by Tuesday morning it has regained balance and stays stable.