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.
EURUSD trading plan: US retail sales were flat in April, after an upwardly revised 10.7% jump in the prior month as spending fueled by stimulus checks dried up. Stimulus checks were mostly used up in March spending. Consumer spending, which makes up two-thirds of the economy, has been earmarked by
GBPUSD trading plan: The bullish rally in the oil market will have a positive impact on the value of the British currency as the pound correlates with BRENT. The yield on benchmark 10-year U.S. Treasury notes fell 2.4 basis points to 1.644%, roughly midpoint of a trading range its held after briefl
USDJPY trading plan: US Manufacturing production rose 0.4% last month after surging 3.1% in March, the Federal Reserve said. Manufacturing production remains a touch below its pre-pandemic level. Manufacturing, which accounts for 11.9% of the U.S. economy, is being underpinned by massive fiscal sti