Fundamental analysis is another type of market analysis technique. In that, the forex market is analyzing by its economic, social, and political forces that may affect the supply and demand of an asset.
Using supply and demand as an indicator of where the price range could be headed is a simple possess meanwhile it's hard to predict the factors which could affect the supply and demand .
The fundamental trading analysis will help you to understand the forthcoming changes, some of the reports like an Unemployment rate, GDP and themonetary policy are important to predict the price movement.
The idea behind this type of analysis is that if a country’s current or future economic outlook is good, their currency should strengthen.
The better shape a country’s economy is, the more foreign businesses and investors will invest in that country. This results in the need to purchase that country’s currency to obtain those assets.
Every week, countries related to forex market use to release their economic reports which are associated with the market; this will help traders to get an outlook on the country economic status. (i.e) Whether is that worthy to make the trade on this currency or not.
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