The Foreign Exchange Matrix

A new framework for understanding currency movements

Barbara Rockefeller author Vicki Schmelzer author

Format:Paperback

Publisher:Harriman House Publishing

Published:11th Feb '13

Should be back in stock very soon

The Foreign Exchange Matrix cover

The foreign exchange market is huge, fascinating and yet widely misunderstood by participants and non-participants alike. This is because its unanswered questions are numerous. For instance, what is the purpose of the $4 trillion per day trading volume? What determines currency trends and who are the players in the FX arena? Does FX drive other financial markets, or is it the passive end-product of all the other markets? FX is without clear supply and demand factors, so how do traders determine sentiment and price direction? Much is written in an effort to answer these questions, but a lot of it is just noise. In the 12 pieces here, Barbara Rockefeller and Vicki Schmelzer draw on their combined 50 years' experience in foreign exchange to cut through the clutter and provide an elegant and razor-sharp look at this market. Their analysis is accurate, useful and enlivened by many anecdotes and examples from historic market events. They cover: how the matrix concept can help observers understand foreign exchange market action; what professional FX traders take into consideration before entering into positions; whether the FX market can be forecast; the interplay between foreign exchange and other financial markets; how technology has levelled the playing field between big and small players, and at what cost; whether the prospect of reserve currency diversification away from the dollar is likely; and the toolkit that central banks use to manage national economies and the effect of this on currencies. "The Foreign Exchange Matrix" is the go-to book for anyone seeking a deeper understanding of the world of foreign exchange.

This book is worth buying and reading. An enlightening and, more often than not, exciting read. It is one of those rare books that I can wholeheartedly recommend to every visitor of this blog. Reading it is well worth those 8-12 hours of your life. -- Earn Forex blog
An elegant and razor-sharp look at the market -- Your Trading Edge magazine
Will take your understanding of the market to the next level -- Money Maker magazine
Rockefeller and Schmelzer provide a vigorous and comprehensive examination of the factors that weigh on foreign exchange markets. -- Michael J. Woolfolk, Managing Director and Senior Currency Strategist, Bank of New York Mellon

ISBN: 9780857191304

Dimensions: 234mm x 156mm x 16mm

Weight: 426g

298 pages