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.
On Friday, the major currency pair can’t decide where to move; this week has been pretty nervous.
GBPUSD continues recovering, but this process is quite slow.
On Thursday morning, the major currency pair is intending to rise, but unsuccessfully so far.
USDJPY updated its multiweek highs due to investors’ reduced interest in “safe haven” assets.
On Tuesday, AUDUSD is looking pretty stable; it is trading sideways despite problems in Australia.
On Tuesday morning, GBPUSD is consolidating after updating three weeks low yesterday.
On Monday, the major currency pair is growing as long as investors are interested in risks.
On Friday, the major currency pair continues trading “in the red”, but bears aren’t as active as they used to be.