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Inside the Currency Market. Mechanics, Valuation and Strategies. Edition No. 1. Bloomberg Financial

  • ID: 2243234
  • Book
  • November 2011
  • 336 Pages
  • John Wiley and Sons Ltd
A complete resource to trading today's currency market

Currency movements are impacted by a variety of factors, including interest rates, trade balances, inflation levels, monetary and fiscal policies, and the political climate. Traders use both fundamental data and a variety of technical tools to trade within this market. Inside the Currency Market describes both the underlying dynamics that drive this market and the strategies that can help you capture consistent profits in it.

Page by page, this reliable guide skillfully discusses the structure of the market, its roles in the global economy, the forces that drive currency values, trading strategies, and tactics. It also offers a detailed understanding of how global financial flows, derivatives, and other markets such as oil and gold impact currencies. Along the way, author and professor Brian Twomey provides information on gathering and analyzing global financial data so that traders can gain a "big-picture" perspective when attempting to identify trades.

  • Explains virtually every element of the market and can function as a desk reference that puts everyday events into context for traders
  • Fundamentally driven trades based on interest rate differentials and trade imbalances are discussed, as well as technical trades involving chart patterns, trends, and trading ranges
  • Each chapter contains questions and answers to help readers master the material

The currency market continues to generate interest and attract new retail traders due to the many opportunities available within it. This book will show you how to successfully operate within this arena by making the most informed trading decisions possible.

Note: Product cover images may vary from those shown

Foreword ix

Preface xi

Acknowledgments xv

CHAPTER 1 Foreign Exchange Reports 1

CHAPTER 2 Currency Trading Beyond the Basics 15

CHAPTER 3 Exchange Rates and Trade Weight Indices 39

CHAPTER 4 Short-Term Interest Rates and Money Market Instruments 73


CHAPTER 6 Government Bonds, Yields, Yield Curves, and Currency Prices 147

CHAPTER 7 Swaps and Forwards 197

CHAPTER 8 Stock and Bond Markets 221

CHAPTER 9 Currency Cycles, Currency Futures, Options, and Volatility 269

CHAPTER 10 Technical Analysis 283

Bibliography 299

About the Author 303

Index 305

Note: Product cover images may vary from those shown
Brian Twomey
Note: Product cover images may vary from those shown