Best 6 Forex FUNDAMENTAL ANALYSIS:part - 2

The economic group of the factors influencing the market can be divided into the following components:

information about the economic development of the country;

trade negotiations;

meetings of the central banks;

any changes in the monetary and credit policy;

meetings of G-7, economic unions or commercial alliances;

speeches of the heads of central banks, heads of governments, distinguished economists concerning the situation of the foreign exchange market, changes in the economic policy, economic situation in the country or their forecasts;

interventions;

neighbouring markets;

speculation.

Fundamental analysis is one of the most complicated parts, and, at the same time, one of the key types of work on the foreign exchange market. It is much more difficult to make fundamental analysis than any other analysis, as the same factors influence the market differently in various conditions or, being decisive, may become utterly insignificant. It is necessary to know the interrelation and mutual influence of two different currencies that reflect the ties between various states, the history of development of currencies, to determine the cumulative result of some economic measures and to establish connection between events that may originally seem to have no connection at all. In addition to some basic and very formal rules, it is required to have considerable work experience at the foreign exchange market.