Common detailed Fundamental Analysis for an index:

Fundamental Analysis: ISM services index

The last value on the chart above shows predicted data

Analysis: This index was in an uptrend from the end of 2001. During 2002 it stayed above 50, signifying that the service sector was increasing. From the middle of 2003 this index stabilized within the indicated range. Its decrease in September was triggered by the hurricane and, though it recovered in October, it is still quite low.

Conclusion: This index signifies some weakness in the mid-term perspective. ISM services index for March may be more positive than forecast.

2nd example of Fundamental Analysis for a day

Notes: Above the forecast – the actual value is mathematically larger than the forecast value (for example, 5% > 4.3% and -49 > -51).

Below the forecast – the actual value is mathematically smaller than the forecast value (for example, 4.1% <>

Fundamental analysis does not provide absolute indication in market analysis and will always consist of a complex of possible tendencies.

The level of importance of each economic indicator can be deduced by studying the influence that indicator exerted on an exchange rate over a period of several years.

The level of importance of a given indicator can be over or underestimated depending on the market conditions at the time and the degree of expectancy by a market of the announced result.