Learn Financial Planning with Free Lessons & Tips

1. Interest Rates: Higher rates attract foreign capital, strengthening the currency.
2. Economic Data: Key reports like GDP, inflation, and employment impact currency value.
3. Central Bank Actions: Central banks' monetary policies (rate hikes or cuts) heavily influence currency movements.
4. Geopolitical Events: Political instability, wars, or elections can cause volatility.
5. Trade Balance: A surplus strengthens a currency, while a deficit weakens it.

In efficient financial markets, **fundamental analysis** may have limited value because prices already reflect all available information, including economic data, news, and company performance. According to the **Efficient Market Hypothesis (EMH)**, it's impossible to consistently outperform the market using fundamental analysis because prices adjust quickly to new information.

However, in **less-than-perfectly-efficient markets**, or when markets are influenced by sentiment or temporary mispricings, fundamental analysis can still provide an edge. It helps traders identify undervalued or overvalued assets and make informed decisions, especially in the medium to long term.

• Technical Analysis of the Financial Markets by John J. Murphy
• The New Trading for a Living by Dr. Alexander Elder
• Japanese Candlestick Charting Techniques by Steve Nison
• Technical Analysis Explained by Martin J. Pring
• Swing Trading: The Definitive Guide by Omar Bassal, CFA
• 1. The Intelligent Investor by Benjamin Graham
  2. Security Analysis by Benjamin Graham and David Dodd
  3. Common Stocks and Uncommon Profits by Philip Fisher
  4. Financial Shenanigans by Howard Schilit
  5. Warren Buffett Accounting Book by Stig Brodersen and Preston Pysh
   

There are a lot of books written by gurus of financial markets like Benjamin Graham Warren Buffet , Saurabh Mukherjea  etc. But I would suggest you to download free e books or pdfs from National Institute of Securities Management Website nism.ac.in ..on topics like Research Analyst, Investment Advisor  , Portfolio Management etc. ,where you can study focused on specific areas or Domain irrespective of whether you want to go for certification exam or not from a career perspective . The materials or ebooks are free to be downloaded from their Website . You get to learn everything related to balance sheet of an organization , financial market valuation parameters , terminologies used by professionals etc. as well as numericals clarifying your understanding . 

Fundamental analysis is important for any financial asset class if you wish to invest in it for a long time . Even for crypto currencies it is important to research which crypto currency is having high potential to appreciate ny virtue of its endorsement ny bigwigs , corporates etc. Fundamental analysis is independent of country ..it is obviously very useful for Indian markets because while investing in Indian markets it is also important to Analyse forecast which sector or industry will outperform in coming years relative to the entire market . Within that industry which company will perform better or best can only be visualized or estimated when Fundamental analysis is done from appropriate reliable sources like Bloomberg, Investing.com, Moneycontrol, EconomicTimes etc.