Currency Strategy: The Practitioner's Guide to Currency Investing, Hedging and Forecasting - Hardcover

Über die Autorin bzw. den Autor

Callum Henderson is head of Emerging EMEA Strategy for a leading US investment bank based in London, and is responsible for Emerging EMEA research, FX and Fixed Income Strategy. A widely-quoted authority on both emerging and currency markets, Mr Henderson has written articles for a number of leading financial journals and given seminars around the world on global currency markets, in particular on currency crises. Prior to his current position, Mr Henderson was part of the Citibank FX Strategy team, which has been top-ranked by leading publications, and Manager of FX Analysis - Asia for Standard & Poor's MMS, based in Hong Kong and New York. Mr Henderson has authored three previousl books covering the Asian economic story: Asia Falling, China on the Brink (awarded the Best Business Book of 1999 by the Library Journal of the US), and Asian Dawn.

Von der hinteren Coverseite

John Maynard Keynes reference to the animal spirits, that elemental force which drives financial markets in herd–like fashion, was applied to the stock market. However, he might as well have been referring to the currency market, for the term sums up no other more perfectly. A market that is volatile and unpredictable, a market that epitomises such a concept as the animal spirits, surely requires a very specific discipline by which to study it.

This is precisely what Callum Henderson does in this eminently practical and readable book. He provides an analytical framework for currency analysis and forecasting, combining long–term economic valuation models with market–based valuation techniques to produce a more accurate and user–friendly analytical tool for the currency market practitioners themselves.

Written by a market practitioner for fellow professionals whose job is to turn the theory into practice and actually execute the currency market transaction, the book is split into three parts:
∗ Theory and practice
∗ Regimes and crises
∗ The real world of the currency market practitioner.

Aus dem Klappentext

Rapid movements in currency markets have been a common feature of recent years, often to the detriment of traders and investors. The ability to predict the collapse of a currency is essential to safe and successful investment in these markets. Ultimately in such a crisis there are no firm rules that can help the practitioner, who needs to rely on quick wits and a masterly command of all the tools at their disposal.

Currency Strategy outlines the key tools available to practitioners in the field, their benefits and limitations, and discusses fundamental analysis, technical analysis, behavioural finance, flows and the authors own modelling techniques for the prediction of a currency crisis.