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.
EURUSD remains under pressure; investors still like the “greenback”.
AUDUSD fell in response to the strengthening of the “greenback”.
EURUSD plummeted to its local lows after the June meeting of The US Fed was over.
After a couple of days of falling, GBPUSD corrected based on the strong statistics.
EURUSD is growing slowly and quietly while investors are following the statistics and waiting for the Fed meeting results.
USDJPY is trading upwards; the Japanese Yen got under pressure.
EURUSD is slowly regaining positions; market players are inactive in anticipation of the Fed meeting.
EURUSD dropped due to invertors’ confidence about low interest rates in Europe.