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 major currency pair remains weak on Friday after Jerome Powell’s comments.
The major currency pair is slightly falling on Thursday; investors are waiting for the statistic and Powell’s speech.
AUDUSD intends to keep its positive momentum but obviously requires some positive reasons for that.
EURUSD reached stability on Wednesday after a volatile trading session the day before but investors do not relax.
On Tuesday, AUDUSD got under local pressure after the RBA session.
EURUSD got under more pressure due to the market interest towards safe-haven assets.
Early in spring, EURUSD is looking rather weak amid active demand for risks on the market.
After updating its six-week high, EURUSD is correcting.