Weekly Forex Fundamental Analysis: Oct 28, 2024

Our Weekly Forex Fundamental Analysis offers traders a comprehensive overview of the key financial events and trends that could impact currency values in the upcoming week. From central bank policies to geopolitical developments, we break down the critical factors shaping the Forex landscape, providing you with the insights needed to make informed trading decisions. Whether you’re a seasoned trader or just starting, our analysis is designed to keep you ahead of the curve.

EURUSD 

– Relative GDP Growth: -2%

– Interest Rate Differential & Carry Trade: -1.71%

– Stock Market Returns: 6.62%

– Balance of Payments & Trade Analysis: 27.30%

Fundamental Bias: Long Bias

EURJPY 

– Relative GDP Growth: 0.5%

– Interest Rate Differential & Carry Trade: +3.19%

– Stock Market Returns: -6.43%

– BOP & Trade Analysis: 48.18% 

Fundamental Bias: Long Bias

EURGBP 

– Relative GDP Growth: -0.30%

– Interest Rate Differential & Carry Trade: -1.53%

– Stock Market Returns: -5.03%

– BOP & Trade Analysis: -6.43%

Fundamental Bias: Short Bias

EURNZD 

– Relative GDP Growth: 0.8%

– Interest Rate Differential & Carry Trade: -1.79%

– Stock Market Returns: 24.47%

– BOP & Trade Analysis: -13.48% 

Fundamental Bias: Short Bias

EURCAD 

– Relative GDP Growth: -0.5%

– Interest Rate Differential & Carry Trade: -0.88%

– Stock Market Returns: -1.14%

– BOP & Trade Analysis: +8.60% 

Fundamental Bias: Short Bias

EURAUD 

– Relative GDP Growth: -0.40%

– Interest Rate Differential & Carry Trade: -0.92%

– Stock Market Returns: -3.95%

– BOP & Trade Analysis: 35.29% 

Fundamental Bias: Short Bias

GBPUSD  

– Relative GDP Growth: -1.7%

– Interest Rate Differential & Carry Trade: -0.18%

– Stock Market Returns: -14.50%

– BOP & Trade Analysis: 25.44% 

Fundamental Bias: Short Bias

GBPJPY 

– Relative GDP Growth: +0.80%

– Interest Rate Differential & Carry Trade: 4.72%

– Stock Market Returns: -3.82%

– BOP & Trade Analysis: 53.34% 

Fundamental Bias: Long Bias

GBPCAD 

– Relative GDP Growth: -0.6%

– Interest Rate Differential & Carry Trade: +0.66%

– Stock Market Returns: 12.96%

– BOP & Trade Analysis: +8.39% 

Fundamental Bias: Long Bias

GBPAUD 

– Relative GDP Growth: -0.10%

– Interest Rate Differential & Carry Trade: +0.61%

– Stock Market Returns: 23.00%

– BOP & Trade Analysis: +34.23% 

Fundamental Bias: Long Bias

AUDUSD 

– Relative GDP Growth: -1.6%

– Interest Rate Differential & Carry Trade: -0.79%

– Stock Market Returns: -12.32%

– BOP & Trade Analysis: 41.42% 

Fundamental Bias: Short Bias

AUDJPY 

– Relative GDP Growth: +0.9%

– Interest Rate Differential & Carry Trade: +4.11%

– Stock Market Returns: 15.06%

– BOP & Trade Analysis: +38.26% 

Fundamental Bias: Long Bias

AUDCAD

– Relative GDP Growth: -0.1%

– Interest Rate Differential & Carry Trade: 0.05%

– Stock Market Returns: 6.32%

– BOP & Trade Analysis: -24.95% 

Fundamental Bias: Long Bias

CADJPY

– Relative GDP Growth: +1%

– Interest Rate Differential & Carry Trade: +4.06%

– Stock Market Returns: 6.30%

– BOP & Trade Analysis: +14.30% 

Fundamental Bias: Long Bias

USDCAD 

– Relative GDP Growth: +1.50%

– Interest Rate Differential & Carry Trade: +1.04%

– Stock Market Returns: 1.19%

– BOP & Trade Analysis: 2.63% 

Fundamental Bias: Long Bias

USDCHF 

– Relative GDP Growth: +1.3%

– Interest Rate Differential & Carry Trade: +3.92%

– Stock Market Returns: -0.12%

– BOP & Trade Analysis: 13.80% 

Fundamental Bias: Long Bias

USDJPY 

– Relative GDP Growth: +2.5%

– Interest Rate Differential & Carry Trade: +4.90%

– Stock Market Returns: -10.41%

– BOP & Trade Analysis: 35.83% 

Fundamental Bias: Long Bias