There is a continuing debate among foreign operators in the fundamental analysis and use of techniques. Some prefer to use only technical analysis and ignoring economic indicators. Other merchants say they can only be profitable in the basics. In my opinion the two types of analysis are equally important.
Just tell the difference between fundamental and technical analysis is that analytical studies of the fundamental effects of the economy and politics in the value of the currency, while the study of chart patterns technical analysis in order predict the price movement.
I think we all agree that this state of national and global economy including central asia analytics can influence the exchange rate. The country with a healthy economy would have a strong currency, as a company that is doing well augment the stockpile.
Whenever an important economic or financial report is due to a major player in the global economy, you can expect to see the effect on currency markets. This includes reports of gross domestic product of the country, the states public debt, inflation, employment levels and trade deficits. Many of these reports are given regularly at predetermined times and dates, and you will see a lot of volatility in currency markets at that time.
Serious professional needs to accompany press releases, not only at home but also in countries whose currencies are widely involved in the exchange market. So you can not rely solely on local publications. You need a special economic release or you can use the Internet as an alternative.
Moreover, not only is the economy that influence the value of the currency. social and political forces also have a strong influence on the values of a nation’s currency. Events such as elections, civil unrest or natural disaster can cause high volatility in the value of the currency.