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 is consolidating on Tuesday; investors are waiting for the news.
EURUSD intends to keep its positive momentum as investors are in anticipation of a new stimulus package in the USA.
GBPUSD is correcting a bit on Friday after skyrocketing yesterday. However, the pair is clearly intending to keep its positive momentum.
USDJPY started moving downwards yesterday and this decline is looking quite confident today.
GBPUSD has been slowly rising for the fourth consecutive trading session.
EURUSD is trying to keep its positive momentum; the “greenback” is retreating in anticipation of a new stimulus package.
USDJPY continues trading sideways; market players can’t decide on their attitude towards “safe haven” assets.
On Tuesday morning, EURUSD is a bit “in the black” due to excellent conditions for a correction.