This book is the most comprehensive practical guide on fundamental analysis for traders who work in the Forex market.
The book describes in detail the main macroeconomic indicators and fundamental factors which influence quotes on the foreign exchange market. It tells the reader about the central banks’ main monetary policy instruments and the extent of their impact on the formation of currency rates.
The author reveals the psychological nature of Forex market participants’ reaction to economic news and also gives traders important recommendations on using fundamental data for successful trading. The author uses concrete examples to illustrate the connection of the Forex market with other financial and commodity markets.
This book is aimed both at beginner traders and professionals, who wish to improve their skills of predicting the dynamics of currency rates and planning trading operations.