Inside the Currency Market
A comprehensive reference guide forcurrency traders
While many books offer insights on currency trading, no one volume has provided a complete understanding of the market and its trading strategies until now. Inside the Currency Market offers in–depth discussion of both the underlying dynamics driving the market and the key strategies employed by traders.In it, author Brian Twomey supplies comprehensive information on the structure of the market, its role in the global economy,the forces that drive currency values, and trading strategiesand tactics.
He provides detailed discussion on gathering and analyzing global financial data so that traders can get an informed "big picture" perspective that will help identify profitable trades. Twomey also addresses fundamentally driven trades basedon interest rate differentials and trade imbalances, as well as technical trades involving chart patterns, trends, and trading ranges. In addition, traders will gain a complete understandingof how global financial flows, derivatives, and other markets such as oil and gold impact currencies.
If you want to capture consistent profits in currency trading with a full comprehension of market factors, this is the book for you.
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 5 LIBOR 103
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
About the Author 303