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

by Ashraf Laïdi (Author)

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.

Front Jacket

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 andthe theories underpinning it have been widely explored, there hasbeen little discussion regarding the practical intermarketrelationships shaping currencies via interest rates, equities, andcommodities.

Nobody is more familiar with this situation than author AshrafLaidi. As head FX strategist at CMC Markets--one of theworld's leading forex/commodity brokers--he understands theforces shaping today's currency market and their interplay withinterest rates, equities, and commodities. And now, with CurrencyTrading and Intermarket Analysis, he shares his extensiveexperiences in this field with you.

Following an innovative approach based on what still works andwhat doesn't in currency market analysis; applying charts and casestudies to intermarket analysis in unprecedented ways; and weighingboth old theories and newly emerging phenomena in this arena, Currency Trading and Intermarket Analysis will put you in a betterposition to assess shifts in economic and market dynamics and makemore profitable trading decisions in the process.

Some of the essential issues addressed include:

The latest commodity boom with a breakdown by individualcommodity group and its implication for currencies

The relationship between short- and long-term interest rates andhow it can be applied to anticipate vital shifts in central bankdecisions and turning points in economic growth

The drivers of risk appetite in the market and their effect onforeign exchange

Central bank currency reserves in regions such as theoil-producing nations, and the evolution of power between theDollar and the Euro

A gold-based approach to valuing the major currencies anddetermining their secular strengths and weaknesses over the pastdecades

And much more

Currency trading has increased in size and speed, and so has itsimpact on the global financial scene. Having a solid grasp of thesemarkets is no longer limited to figuring out interest rate andgrowth differentials. Currency Trading and Intermarket Analysisoutlines the tools needed to understand the macroeconomic andfinancial nuances of this dynamic field and provides you withinsights that are essential to making the most of your time withinit.

Back Jacket

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.

Author Biography

Ashraf Laidi 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. His online FX analysis has received wide following for more than a decade, centering on G-10 currencies and economies. Prior to joining CMC, Laidi monitored the performance of a multi-FX portfolio at the United Nations, assessed sovereign and project investment risk for Hagler Bailly and the World Bank, and analyzed emerging market bonds at Reuters. He also created the first 24-hour currency Web site for traders and researchers during the inception of the Euro. He is the founder of AshrafLaidi.com.