| Description |
1 online resource (1 online resource (309 pages) : illustrations |
| Series |
Applied essentials |
|
Applied essentials.
|
| Contents |
Preface -- 1. Exchange Rate Systems: From Fixed to Floating, and Chaos -- Fixed exchange rates -- Floating exchange rates -- Conclusion -- Foreign exchange and the UK -1960 to the 2000s -- 2. Central Banks and Foreign Exchange Intervention -- What is foreign exchange intervention? -- Intervention and monetary policy -- The efficacy of intervention -- Conclusion -- 3. The Basics of Foreign Exchange -- A definition of foreign exchange -- The foreign exchange market -- 4. The Theory of Foreign Exchange: How Exchange Rates Are Determined -- Exchange rates and supply and demand -- The effect of exchange rates on an Economy -- Interest rate parity (IRP) -- Purchasing power parity (PPP) -- Currencies overshooting their expected levels -- Rudiger Dornbusch -- 5. Foreign Exchange in Practice -- Price quotations -- How dealers cover their exposure -- Orders -- How to calculate trading profits and losses -- Recording a trade -- Rules when making foreign exchange transactions -- 6. Types of Foreign Exchange Transactions -- 1. Spot -- 2. Forward outright -- 3. Broken date contracts -- 4. Non-deliverable forward (NDF) -- 5. Swap -- 6. Forward/forward -- 7. Algorithmic trading -- 8. Options -- 7. Predicting the Future: Technical Analysis and FX Forecasting -- Technical analysis and the foreign exchange markets -- Forecasting the foreign exchange markets -- Psychology and Foreign Exchange -- Group behaviour -- Overconfidence -- Overreaction -- Attitude to risk -- Attitude to rules -- 9. Influences on Foreign Exchange Markets -- Economic data -- Impact of central bank intervention -- Breach of technical levels -- Seasonal price patterns -- Dramatic events -- Market intelligence -- 10. A Blueprint for Trading -- Before, during and after the trade -- Managing losses -- Investment vs. Speculation -- 11. Liquidity -- Assessing liquidity |
|
When liquidity disappears -- The carry trade and Torschlusspanik (door shut panic) -- 12. Hedging Currency Exposure -- Overview of hedging -- Sources of exposure -- The hedging process -- Impact of hedging -- Currency overlay -- Conclusion -- 13. The Management of Dealing -- Risks -- Dealing limits at banks -- Monitoring forward foreign exchange exposure -- 14. Dealing with Banks and Financial Institutions -- The provider should be financially strong -- The provider should be operationally strong -- Check the bank can supply the product and service you require -- Dealing mandate -- Foreign exchange limits -- Understanding what is on offer -- Agreements -- Banks dealing with customers -- Afterword -- Appendices -- Appendix 1. Foreign exchange solutions in brief -- Appendix 2. A simple guide to technical analysis -- Glossary -- Bibliography -- Index |
| Bibliography |
Includes bibliographical references (pages 287-288) and index |
| Notes |
English |
|
Print version record |
| Subject |
Foreign exchange.
|
|
International finance.
|
|
Foreign exchange
|
|
International finance
|
| Form |
Electronic book
|
| ISBN |
085719206X |
|
9780857192066 |
|
