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 practic
- Regimes and crise
- The real world of the currency market practitioner
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