It is the study of change in price through micro and macro economic levels due to political and economic conditions in countries. Analysts use fundamental analysis to predict the future trends of one nation's currency in terms of another.
Fundamental analysis is usually affected by the following factors:

• Official discount rate
• FOMC and Meeting
• Inflation
• Budgetary deficit
• Economic indicators
• Trade balance
• Consumer price index (CPI)
• Producer price index (PPI)
• GDP - Gross domestic product
• Unemployment rate
• Non-farm payroll
• Elections
• Dynamics of prices of oil and energy sources
• Stock market indices
• Summary to fundamental analysis