Currency Trading and Intermarket Analysis will explain how global financial markets interact in order to provide currency traders with methods to spot changing trends and long-term trading opportunities. Written in a very practical, trader-friendly manner, the book will explain how interest rates and central bank policies are the primary force behind currency values and how currencies relate to the energy, commodity, and precious metals markets. Laïdi will provide insight into the underlying forces that continue to impact currencies, including the U.S. trade deficit, rising oil prices, the growth of China, and the diversification of many central banks out of U.S. dollars. He will show how the relationship between short-term and long-term interest rates are the key to understanding long-term trends in the economy, the stock market, and the dollar. And he will discuss how gold and oil prices impact Federal Reserve policy, which, in turn, drive currency values. The book will rely on concrete examples from recent history and will consistently demonstrate how intermarket analysis enables traders to forecast trend changes and profitable trading opportunities.
Book Details:
- Author: Ashraf Ladi
- ISBN: 9780470226230
- Year Published: 2009
- Pages: 304
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Currency Trading and Intermarket Analysis will explain how global financial markets interact in order to provide currency traders with methods to spot changing trends and long-term trading opportunities. Written in a very practical, trader-friendly manner, the book will explain how interest rates and central bank policies are the primary force behind currency values and how currencies relate to the energy, commodity, and precious metals markets. Laïdi will provide insight into the underlying forces that continue to impact currencies, including the U.S. trade deficit, rising oil prices, the growth of China, and the diversification of many central banks out of U.S. dollars. He will show how the relationship between short-term and long-term interest rates are the key to understanding long-term trends in the economy, the stock market, and the dollar. And he will discuss how gold and oil prices impact Federal Reserve policy, which, in turn, drive currency values. The book will rely on concrete examples from recent history and will consistently demonstrate how intermarket analysis enables traders to forecast trend changes and profitable trading opportunities.
About $2 trillion is exchanged every day in the global currency markets, which is about 60 times the volume of trading on the New York Stock Exchange, with the most active trading occurring between the U.S. dollar, the Euro, the Japanese yen, the British pound, and the Swiss franc. Historically, the major participants in the market have been commercial banks, financial institutions, corporations, and central banks. Many legendary traders, such as George Soros, have made enormous profits speculating in the currency market. In recent years, the market has opened up to retail speculators, as a number of Internet-based, retail brokers have emerged, offering individuals low-cost access to the market. As a result, many individual speculators that previously focused on equities, have been migrating to the currency markets. The markets are driven by a variety of global economic trends and central bank monetary policies and typically offer the potential of big profits for astute traders.
High profile currency analyst: The author is frequently quoted in the financial press, including The Wall Street Journal, the Financial Times and The New York Times and frequently appears on CNBC, Bloomberg TV, and the BBC. Fluent in four languages, he also is quoted in the foreign press. Top forex broker: CMC Markets is one of the worlds leading forex brokers, with 100,000 clients in more than 55 countries. Author will highlight book in his regular electronic communications to CMC clients. Intermarket analysis is critical to trading forex: More than ever before, currency markets are driven by developments in the global interest rate, energy, and commodity markets. Retail traders new to forex must understand these forces to trade successfully. Forex trading continues to grow: The number of individual traders speculating in the foreign exchange markets continues to increase, driven by ease of trading electronically and the prospect of making big profits on currency trends.
About the Author
Ashraf Laïdi (New York, NY) is the head FX Strategist at CMC Markets, where he oversees the analysis and forecasting functions of G-10 currency pairs as well as decisions and trends of the major global central banks. Laïdi is also responsible for education services and informing clients on the essential dynamics underpinning FX markets. His online FX analysis has received wide following for more than a decade, centering on G10 currencies and economies. Prior to joining CMC, Laïdi monitored the performance of a multi-FX portfolio at the United Nations, assessed sovereign and project investment risk with Haggler Bailly and the World Bank, and analyzed emerging market bonds at Reuters. Laïdi also created the first 24-hour currency website for traders and researchers alike on the eve of the creation of the euro. Laïdi regularly appears on CNBC TV, Bloomberg TV, PBS Nightly Business Report and BBC. His insights also appear in the Financial Times, The Wall Street Journal, Barrons, The New York Times, Marketwatch, TheStreet.com, Futures and a host of other international publications. Laïdi is fluent in English, Arabic, French and Spanish.