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, AUDUSD got under local pressure after the RBA session.
EURUSD got under more pressure due to the market interest towards safe-haven assets.
Early in spring, EURUSD is looking rather weak amid active demand for risks on the market.
After updating its six-week high, EURUSD is correcting.
After updating the high once again, GBPUSD is consolidating at the top.
EURUSD found a reason to grow and intends to keep its positive momentum on Thursday.
EURUSD has reached stability by Wednesday and is waiting for new catalysts to get stronger.
GBPUSD rose to new highs and keeps growing.