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 morning, the major currency pair is moving close to its six weeks low and may yet resume trading downwards.
The major currency pair is consolidating on Thursday in anticipation of the ECB’s comments and rate decision.
AUDUSD slowed down its decline; the pair is correcting thanks to some strong numbers on the employment.
GBPUSD moved upwards a bit thanks to the statistics on the employment, but it might be not enough to continue the momentum.
GBPUSD started consolidating; the Brexit is 10 days away.
USDJPY is falling on Tuesday morning; demand for “safe haven” assets is reviving.
The major currency pair remains under pressure on Monday; the USD continues getting stronger.
On Friday, the major currency pair can’t decide where to move; this week has been pretty nervous.