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ISBN: 0470846844Издательство: John Wiley & Sons
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, forthe 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 preciselywhat 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...