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 continues falling amid European lockdowns and expectations of a new stimulus package in the USD.
At the end of this trading week, EURUSD remains weak; the USD is looking more attractive.
A rebound in EURUSD was pretty short indeed; the USD is in demand again.
EURUSD significantly recovered yesterday but investors aren’t so positive today.
GBPUSD quickly reversed on Tuesday and intends to continue its recovery today.
GBPUSD is slowly falling being pressured by the USD and Brexit.
EURUSD continues retreating as the “greenback” is getting stronger.
After updating its highs, EURUSD is correcting quite fast; the “greenback” has been strengthening for the fourth consecutive trading session.