There are two broad schools of thought for analysing the financial markets. One is the fundamental market analysis approach that makes use of “fundamental” data such as macro-economic statistics, corporate balance sheets and corporate profitability in order to predict the future course of prices in the markets. These statistics, backed up by perceptions and guesses about what they will be like in the future, are the so-called fundamentals of financial and commodity markets. The other approach is the technical market analysis approach that makes use of past market price data and sentiment indicators in order to anticipate the future course of prices in the markets. Proponents of the technical approach shun the fundamentals, as being irrelevant to an analysis of the actual supply and demand of the market itself that they say will be apparent in the market price alone.