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.
GBPUSD recovered a little bit in the middle of the week, but remains very weak.
On Wednesday morning, the major currency pair reached its two weeks lows.
The major currency pair reached stability; investors are carefully buying in anticipation of news.
The major currency pair stopped falling; market players are busy with consolidation.
On Friday, the major currency pair is reaching stability after two days of sales.
AUDUSD updated its two weeks lows and may continue falling.
After falling yesterday, EURUSD reached stability on Thursday morning; investors are looking for support.
On Wednesday morning, USDJPY is trading within a narrow range; investors can’t decide on their priorities.