FEATURES OF FUNDAMENTAL MACROECONOMIC ANALYSIS IN ORGANIZED COMMODITY MARKETS

The article highlights the features of fundamental analysis at the macroeconomic level. The purpose of the study is to consider the main macroeconomic indicators and their application. It is noted that the object of fundamental research is fundamental factors of different levels: macroeconomic; industry; microeconomic. It is established that fundamental analysis is aimed at carrying out a current assessment and forecasting of the future situation. The peculiarity of fundamental analysis is that it is based on the use of fundamental news and reports to assess the long-term prospects of organized trading. The economic essence of fundamental macroeconomic analysis is given, which is that this type of organized market analysis involves the study of a set of macroeconomic indicators and provides an assessment of the current state and forecasting of the organized market. It is noted that among the main fundamental factors used in fundamental macroeconomic analysis, the most frequently used are: GDP, purchasing power index; purchasing index; consumer price index, unemployment rate; inflation rate; interest rates; retail trade and industrial production indicators; trade balance, etc. The division of fundamental factors into quantitative and qualitative indicators is presented. The main postulate of fundamental macroeconomic analysis is the reflection in derivatives market pricing of the expectations of buyers and sellers or the constant confrontation of supply and demand on a competitive basis. Fundamental macroeconomic analysis is an important component in the methodology for forecasting derivatives market conditions. Macroeconomic indicators are closely related to the cyclical nature of economic processes, which systematically repeat economic cycles or phases. It is noted that economic cyclicality is directly related to the formation of price trends, which requires constant study of macroeconomic indicators. Fundamental macroeconomic factors include four types of indicators, which are grouped according to the following characteristics: economic indicators; political changes; rumors and expectations; force majeure factors. It should be noted that the study of aggregated macroeconomic indicators plays an important role in the fundamental research of macro indicators.