Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets: 341 (Wiley Trading) - Hardcover

Laidi, Ashraf

Hardcover

ISBN 10: 0470226234 ISBN 13: 9780470226230

Publisher: Wiley, 2008

Synopsis

As head FX strategist at CMC Markets-one of the world's leading forex/commodity brokers-Ashraf Laidi understands the forces shaping today's currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.

About this title

From the Back Cover

Currencies are becoming an integral part of many investors' portfolios and have grown to be a distinct asset class in banks' investment products. While the mechanics of the forex market and the theories underpinning it have been widely explored, there has been little discussion regarding the practical intermarket relationships shaping currencies via interest rates, equities, and commodities.

Nobody is more familiar with this situation than author Ashraf Laidi. As head FX strategist at CMC Markets--one of the world's leading forex/commodity brokers--he understands the forces shaping today's currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you.

Some of the essential issues addressed include:

• The latest commodity boom with a breakdown by individual commodity group and its implication for currencies
• The relationship between short- and long-term interest rates and how it can be applied to anticipate vital shifts in central bank decisions and turning points in economic growth
• The drivers of risk appetite in the market and their effect on foreign exchange
• Central bank currency reserves in regions such as the oil-producing nations, and the evolution of power between the Dollar and the Euro
• A gold-based approach to valuing the major currencies and determining their secular strengths and weaknesses over the past decades
• And much more

Currency trading has increased in size and speed, and so has its impact on the global financial scene. Having a solid grasp of these markets is no longer limited to figuring out interest rate and growth differentials. Currency Trading and Intermarket Analysis outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.

Synopsis

A high-profile currency analyst outlines a profitable way to trade this dynamic market. "Currency Trading and Intermarket Analysis" skillfully explains how global financial markets interact and provides currency traders with methods to spot changing trends and long-term trading opportunities. It explores how interest rates and central bank policies impact currency values and how foreign exchange rates relate to the bond, commodity, and equity markets. It offers in-depth insights into the underlying forces that continue to impact currencies and reveals why the relationship between short-term and long-term interest rates is the key to understanding long-term trends in the economy, the stock market, and the dollar. "Currency Trading and Intermarket Analysis" consistently demonstrates how intermarket analysis can enable traders to forecast changing trends and locate profitable trading opportunities. Ashraf Laidi (New York, NY) is the head FX Strategist at CMC Markets.

Edition details

• Publisher: Wiley
• Publication date: 2008
• ISBN 10: 0470226234
• ISBN 13: 9780470226230
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 304