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 Tuesday afternoon, the Australian dollar is climbing up, but in the medium term the actual AUD/USD pair still remains in the range of 0.9329-0.9456.
Monday will be a day of calm and quiet for the euro/dollar.
The week began with the publication of the producer price index in Germany (PPI) - instead of expected growth we got the rate at zero, and since February of this year, German PPI comes out either at zero or in the red.
With Janet Yellen’s light hand, the Eurodollar has been sent to the yearly lows.
On Thursday the Australian Dollar is growing up after two days of decline, despite the rather controversial statistics presented today.
So, the euro / dollar took a pause in its downward momentum, but for how long?
Yesterday Janet Yellen made some loud statements that were anticipated from her for a long time.
On Wednesday afternoon the British Pound remains under some pressure, although the block of statistics on the UK economy came out very good. It seems that the GBP will win back on these figures a bit later, but for now they will support the currency.