基本分析
除了技術分析以外，分析貨幣市場波動的另一個基本方法是基本分析。在以另一種貨幣的觀點來評估一個國家的貨幣時，基本分析就是對經濟指標、資產市場和政治考量因素進行研究。基本分析的關鍵是要搜集和解釋該資訊，並在資訊成為貨幣價格的一部分之前採取行動。一大事件與其所造成市場反應之間的延隔時間，是基本分析專家的交易機會。
Here some major fundamental factors that can affect currency prices:
- Decisions on interest rates made by central banks such as the US Federal Reserve or the European Central bank (ECB) monthly.
- Quarterly GDP figures. Only preliminary national GDP figures generally have the effect of changing market sentiment.
- Market sentiment data. Market expectations are formed from one week to two days before the event. Participants become well positioned based on expectations. If the figures are not a surprise, profit taking is often the only result.
- Political Events. National elections, the September 11th attacks, and the war in Iraq are examples of events that have affected currency values.
- Major indices. Inflation indices, Institute of Supply Management (ISM) in the US and the Purchasing Management Index (PMI) in Europe are also carefully followed by traders.
- National industrial production figures.
- US nonfarm payrolls (indicating new jobs created), Michigan sentiment figures in the US, the western German business climate or IFO index, and the Tankan quarterly survey in Japan.
Central Banks
Board of Governors of the Federal Reserve System http://www.federalreserve.gov/
Bank Of England http://www.bankofengland.co.uk/
European Central Bank http://www.ecb.int/
Bank Of Japan http://www.boj.or.jp/en/index.htm
Reserve Bank Of Australia http://www.rba.gov.au/
Banque de France http://www.banque-france.fr/home.htm
Bank Of Canada http://www.bankofcanada.ca/en/
Deutsche Bundesbank http://www.bundesbank.de/index.en.php
Swiss National Bank http://www.snb.ch/
