Currency trading and intermarket analysis: how to profit from the shifting currents in global markets

INDICE: Foreword. Preface. Acknowledgments. Chapter 1. Gold and the Dollar.End of Bretton Woods System Marks Gold's Takeoff. Fed Tightening, FX Interventions Rein in Gold Rally. Central Banks' Gold Sale Agreements. Gold-USD Inverse Relation. Recent Exceptions to the Inverse Rule. Using Gold to Identify Currency Leaders World's Third Oil Shock. World Intervenes Against Strong Dollar (1985-1987). Iraq's Invasion of Kuwait and the Gulf War (1990-91). The Asian Crisis and OPEC's Miscalculation (1997-98). Oil Thrives on World Growth, Dot.comBoom (1999-2000). Iraq War Fuels Oil Rally, Dollar Flounders, China Takes Over (2002-Present). Summary. Chapter 3. When the Dollar was King (1999-2001). The Major Theories. Annual Performance Analysis of Individual Currencies. Summary. Chapter 4. The Dollar Bear Rises (2002-2007). 2002: The Beginning of the Dollar Bear Market. 2003: Dollar Extends Damage, Commodity Currencies Soar. 2004: Global Recovery Boosts Currencies against US Dollar. 2005: Commodities Soar alongside Dollar, Carry Trades Emerge. 2006: Dollar Vulnerable as Fed Ends 2-Year Tightening. 2007: Record Oil Boosts Loonie, Helpless Fed Hits Greenback. Lessons Learned. Chapter 5. Risk Appetite in the Markets. Carry Trades in Foreign Exchange. Using Risk Appetite to Gauge FX Flows. Tying It All Altogether: 1999-2007. Chapter 6. Reading the Fed via Yield Curves, Equities and Commodities. Yield Curves and the Economy. Types of Yield Curves. Rationale of Inverted Yield Curve Implications. Effectiveness of Yield Curve Signals Implications. Greenspan's Conundrum Proved Bernanke's Problem. Implications for Growth, Stocks and Currencies. Tying Interest Rates to Commodities. Conclusion. Chapter 7. U.S. Imbalances, FX Reserve Diversification and the US Dollar. The U.S. Twin Deficits. US Current Account Deficit: Old Problem, New Challenges. Adding the Budget Balance to the Mix. Financing the Deficits: The Path to Unsustainability? Dissecting US- Bound Foreign Capital Flows. U.S. Stocks and Bonds Vie for Foreign Money. Capital Flows Shift Identities. Foreign Direct Investment and M&As. How Long Foreign Capital on the Cheap? Don't Ignore U.S. Investors' Flows Abroad. Currency Reserve Diversification: OPEC and the Middle East. Further Currency Diversification Is Inevitable. The View Ahead. Chapter 8. Commodities Super Cycles and Currencies. The Current Commodity Cycle versus Previous Cycles.Dissecting Commodity Classes. Commodities and their Currencies. Developing World to Maintain Ripe Outlook for Food and Grains. Energy Efficiency Not Enoughto Halt High Oil. Copper and Gold to Shine on Long Term Fundamentals. Commanding Heights or Common Bubbles? Chapter 9. Select Topics in Foreign Exchange. Revisiting Yield Curves. Is Dollar Stability a Necessity? How Far Will Commodities Outstrip Equities? U.S. Politics and the U.S. Dollar. Conclusion. Bibliography. About the Author. Index.

• ISBN: 978-0-470-22623-0
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 304
• Fecha Publicación: 17/12/2008
• Nº Volúmenes: 1
• Idioma: Inglés