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 Monday, AUDUSD is growing, thanks to the craving for risk and good statistics.
After a short pause, the major currency pair is back to growing.
The major currency pair continues growing on Thursday afternoon; investors are still interested in risks.
On Wednesday morning, USDJPY is falling a little bit but it seems like the Yen hasn’t decided on the direction yet.
EURUSD is ready to update November’s highs; investors have confidence in the future.
EURUSD dropped yesterday but managed to reach stability today; at the moment, the pair is monitoring the external background.
Early in another November week, EURUSD is rising a little bit and doing a good job in dealing with external pressure.
GBPUSD had been keeping its positive momentum throughout the entire week but failed to continue growing on Friday.