If you’re new to the world of online Forex trading at websites such as AVAFX, or if you don’t have a huge amount of experience of the world’s currency markets, you may never have heard of technical and fundamental analysis before. Well, to put it simply, technical and fundamental analyses of Forex trading provide the information that you need to identify trends and make profitable trades.
Fundamental analysis is vital to Forex traders, as it is based upon actual events that happen, real news stories that will have an effect on certain currency pairs. And the best thing about these fundamentals is that the news is often readily available to Forex traders both old and new. The fundamental factors and events that are analysed are often events such as interest rate changes, housing and employment data and other key reports and releases, all of which you will hear on the various news agencies.
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Greece Has Finally Officially Requested Assistance from the European Union and the International Monetary Fund to help them recover from their escalating debt crisis. This request will make big waves for euro currency pairs at Forex markets across the globe while you and I will see the effects at online Forex brokers such as AVAFX.
Greece’s request for help to repay it enormous fiscal debts comes just one day after revised figures showed that Greece’s budget deficit was actually 13.6% last year, much higher than previously estimated and was enough to make the struggling state as for assistance from the European Union and the International Monetary Fund, the international organization that oversees the global financial system.
Today’s Forex Market Roundup shows some interesting news and happenings which may offer all of you Forex traders the opportunity to make those all-important killer trades. There’s plenty of food for thought with encouraging figures in released from the US yesterday, news of an IMF bail-out for Greece and the awaited UK budget details.
Today the UK Government will release the annual budget, with Forex traders watching closely as the report will almost certainly act as a key short term driver for the markets. The UK CPI report showed inflation dropping from 3.5% back down to 3% in February. One contributory to the dampened UK inflation rate is the falling price of UK gas prices, with overall prices for the year falling by 1.9% in contrast to a 3% rise for the previous year.
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This week, Forex Traders Saw The Euro Continue To Struggle as it hovered above a nine-month low. The European currency continued to face pressure from the US dollar, Japanese yen and other currency pairs at forex trading markets such as AVAFX. The continued pressure comes as investors await further details on a rescue package for Greece, and its fiscal debt repayment plans.
The trouble that Greece has faced recently regarding its budget deficits has seen huge dents made to the value of the euro, with the French Banking Chief suggesting that the collapse of the single European currency is “inevitable.” This has prompted forex traders and investors to opt for safer, more predictable currency pairs to trade, as opposed to euro pairs.
Today share prices across Europe have taken a nosedive for the second day in succession following concerns regarding European government debt levels. This meant that Forex Traders Saw The US Dollar Rise As The Euro Suffered due to European market traders adopting a risk aversion tactic of investing in the relatively safe US markets.
Today has seen a continuation of the sharp fall in the value of shares across Europe that started yesterday. This morning the French Cac 40 index fell by 2.5%, in London the FTSE 100 declined 1.9% and in Germany the Dax fell back by 1.6%. It wasn’t just traders of European markets that saw these sharp losses. Japan’s Nikkei index slumped almost 3% earlier today, as did other far eastern markets in China, Hong Kong and Korea.
Following a report released by the Office of National Statistics showing that UK inflation jumped in December, Forex Traders Saw the British Pound Strengthen On Tuesday, significantly outperforming both its US dollar and Euro counterparts. This resurgence of the Stirling currency has offered plenty of trading opportunities and lucrative positions to forex traders at companies such as AVA FX.
These reports released by the Office of National Statistics showed that UK inflation had jumped by the most in a single month since the records began in 1997, during the month on December. This could force policy makers to take the decision to raise the UK interest rates. With all of this information being released there were significant moves in across global forex markets. Following the release of the report the GBP rose to a four-month-high €1.1450 against the Euro and also made headway against the USD, reaching a $1.6456 high against the American currency.
