Fundamental Analysis
Learn how economic conditions, inflation, employment, economic growth, monetary policy, and bond markets influence financial markets.
This section takes you from the foundations of fundamental analysis to the economic data and market relationships used by traders to build a broader market view.
Fundamental Analysis Lessons
Work through the lessons in order or jump directly to a topic.
What Is Fundamental Analysis?
Learn how fundamental analysis is used to understand the economic forces that influence currencies and financial markets.
Economic Indicators
Understand the major economic indicators traders monitor and how they can influence market expectations.
Inflation
Learn how inflation data affects central-bank expectations, bond yields, currencies, and markets.
Employment Data
Understand unemployment, payrolls, wage growth, job openings, and other employment indicators.
GDP
Learn what GDP measures and how economic growth can influence currency valuations and monetary policy.
PMI
Understand manufacturing and services PMI data and why traders pay close attention to changes in economic activity.
Economic Surprise
Learn how the difference between actual and expected economic data can create changes in market expectations.
Monetary Policy
Understand how central banks use interest rates and policy guidance to influence economic conditions and financial markets.
Bond Yields
Learn how government bond yields can provide important information about interest-rate expectations and currency strength.
Build a stronger market view
Fundamental analysis becomes more powerful when combined with institutional positioning, market sentiment, technical analysis, and broader macroeconomic conditions.
Continue to Institutional Sentiment