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Book Description
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.
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