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.
On Wednesday morning, the major currency pair is falling after growing earlier; market players’ attention is totally focused on the US Fed December meeting.
GBPUSD is falling on Wednesday morning; investors are “digesting” the statistics and waiting for the US Fed meeting.
On Tuesday morning, AUDUSD is retreating affected by the statistics from Austalia and China.
The major currency pair surrendered last Friday because of the American statistics; right now, it is still under pressure.
The major currency pair remains stable on Friday and intends to continue its growth.
After completing the correction, USDJPY is ready for a new decline; “safe haven” assets are in demand again.
The major currency pair is falling on Wednesday afternoon; investors are trying to escape risks.
After three trading sessions of stable and significant growth, AUDUSD is moving downwards on Wednesday; the correction is supported by numbers.