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

[FXFatcat]

	Book Title:	Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (Wiley Trading)
	Hardcover:	304 pages
	Author:	Ashraf Laïdi
	Language:	English
	ISBN-10:	0470226234
	ISBN-13:	978-0470226230
	Product Dimensions:	23.4 x 15.7 x 3 cm
	Publisher:	John Wiley & Sons; New edition (19 Dec 2008)
	Description:	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. From the Inside Flap 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 Laïdi. 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. Following an innovative approach based on what still works and what doesn′t in currency market analysis; applying charts and case studies to intermarket analysis in unprecedented ways; and weighing both old theories and newly emerging phenomena in this arena, Currency Trading and Intermarket Analysis will put you in a better position to assess shifts in economic and market dynamics and make more profitable trading decisions in the process. 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.

[theMoney]

This book is absoluetely fantastic; I'd recommend it to anybody who is serious about their trading. It's not so much a book which teaches you about how to trade, but rather it goes into detail how different currency pairs correlate and affect each other.

It goes on to explain how the different markets in the world have a bearing on currencies, including the stock market and commodities. There are a lot of examples of actual past evidence of these relationships.

The book gives a real good history of the markets which is useful to any trader, while the later chapters go into the meat of currencies.

I'd give it a 10/10.