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 continues rising influenced by Brexit positive.
AUDUSD is trading upwards thanks to strong numbers on the Australian labor market.
On Thursday, GBPUSD is consolidating and waiting for the news from the European summit on Brexit.
GBPUSD is trading close to May’s highs; investors’ attention is focused on the Brexit deal draft.
After a short pause, GBPUSD is back to growing; market players believe in the Brexit.
On Tuesday morning, USDJPY is falling a little bit; investors are estimating global interests towards risks.
EURUSD is trying to rise early in the week; market players are keeping a wary eye on the Fed.
On Friday morning, GBPUSD remains energetic and is ready to rise thanks to progress in Brexit talks.