Finally an original in FX
This book will be helpful to those seeking an introduction to the interrelatedness of the currency commodity equity and fixed income markets. The book is well written and easy to read. However I would not suggest the book to a person with no technical economic or financial background.
I have followed Mr. Laidi's currency outlook for over a decade now both on TV and in print and can honestly say that I have yet to come across another analyst with the foresight of Mr. Laidi (he called the bear market and USD collapse when the rest of Wall St. were still believing in an unending bull market).
Although many of his correlations referenced in this book are obviously backward looking it does teach traders to take a global market perspective before narrowing down to specific currency pairs. I felt his explanation of the FED under both Greenspan and Bernanke really did a good job on a very difficult topic as many traders like myself really don't understand the different weapons the Fed and other central banks posses.
Equally useful and informative was his chapter on the effect of interest rates there isn't enough space for me to go into it instead I will let you gather the pearls of wisdom for yourself.
Mr. Laidi finally concludes that some of the historical tendencies are currently being challenged and that only time will tell if a new relationship has emerged or if history will again be proven right. Pick up this book if you want to read the work of an original thinker at the top of his craft. Whether you trade FX or another market I think you will benefit from Mr. Laidi's insight. More detail ...
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