Fundamental Analysis of Forex (Forex)

Before considering the fundamental analysis of Forex itself, it is necessary to understand its basics. This type of analysis can be described as a form of market research that involves examining the current, past, and future economic situation of the country whose currency the trader plans to trade.

This type of analysis uses informative data about political and economic situations that affect the currency's position in the market. As a rule, these are statistical and economic data, statements and speeches by key political figures and financiers. Such statements, most often, have a huge impact on currency fluctuations in the Forex market. The economic status of the United States is always of particular interest to traders.

An example of a chart that allows you to do fundamental analysis:
The Economic calendar is an integral part of fundamental Forex analysis
In order to always be aware of the key global events affecting the market, a trader must have an economic calendar at hand. This is the first thing that needs to be used in fundamental Forex analysis.

The economic calendar is specially designed by economists to predict in advance various important events in the world of finance. It also contains the previous values of an indicator, projected and actual, if official data has already been published.

For example, if the current forecast for the unemployment rate in the United States is much better than last month, then the US currency may strengthen its position against other units.
An example of an economic calendar:
Another example: if you study the dynamics of oil prices, you will notice that an increase in the price of "black gold" will eventually lead to a decrease in the value of the currencies of those countries that rely heavily on huge volumes of oil imports (for example, the United States, Japan and the United Kingdom).
The most important economic and political components
The second component that fundamental Forex analysis uses is the statements of politicians and economists. The business world has a huge impact on the foreign exchange market. For example, in the United States, traders closely follow the speeches of some politicians and economists, as they usually significantly affect the course of trading.
Last but not least, economic data is important for fundamental analysis. These include:
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interest rate;
unemployment rate;
GDP and others.
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As you can see, fundamental analysis can significantly improve trading results. Choosing a betting site becomes easier when bonus conditions are transparent and realistic. Many guides include the phrase promo code for 1xbet inside detailed explanations of the welcome offer. By using this option, new players may claim a betting bonus of $130 for sports wagers and unlock a casino package valued at $1950 with 150 free spins. This structure supports balanced play across sports markets and casino entertainment without exaggerated promises.