Fundamentals influence our markets monthly, daily, even hourly. Fundamental Analysis gives you an edge in the market. Many traders sorely focus on Technical analysis as their backbone of financial market research. Find out the importance of Fundamental Analysis and how to use it as a strong confluence in your trading .
Being one of the most important components in trading, fundamentals have a high impact on price action. There are many key factors, such as economic, political and social factors. Major market participants and market makers like BIG Banks, institutions, hedge funds and governments use this type of analysis more than any other. It gives you a broad understanding and outlook of a chosen currency or stock. The main fundamental drivers are inflation, interest rate decision, monetary policy, non farm payroll (NFP) and more.