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Currency Profiles - a little help..

  • #1
  • First Post: May 5, 2008 2:50am May 5, 2008 2:50am
Hey everyone,

I'm not sure exactly what to search for, I've tried several different keywords.
I'm looking for a site, article, or any text file that has a "profile" of each major currency. Something with key facts (interventions, major policies - aka what moves it, etc)...yet detailed.

I'm very new to the forex game (September), but I have a wealth of knowledge in economics and now technical analysis, so I'd like to bring my fundamental currency knowledge up to par.

I'm willing to read anything (yes, even if its hundreds of pages). Just give me authors, names, and locations if it's not a book!

Thank you
  • #2
  • May 5, 2008 2:51am May 5, 2008 2:51am
and I guess I want to be an expert in currency fundamentals because.....

I just want to know "why"!
  • #3
  • May 5, 2008 3:25am May 5, 2008 3:25am
The most recent book that comes to mind that features the kind of overview that you're looking for is High-Powered Investing All-In-One For Dummies.

It has a 100+ page section on forex with a lot of useful stuff.I attached the table of contents for you from Wiley's site.I would've given you the link but I don't want to see any more of my posts recycle binned.

I'm sure I read other books that feature the kind of info you want but can't remember which ones exactly right now...the one I mentioned is the most recent one.
Attached File(s)
File Type: pdf 0470186267-1.pdf   113 KB | 376 downloads
  • #4
  • May 5, 2008 4:36am May 5, 2008 4:36am
I don't think anyone that's done that level of homework (collected all of the data) for any given pair is going to be up for sharing it, that's usually the kind of data you have to either buy or collect yourself.

As for what moves each pair, well that's usually the same for each. Trade deficit, budget deficits, economic policies and status and monetary policies and status. Grab a copy of George Soros's book "The Alchemy of Finance" ... worth a read for ppl interested in fundes.
  • #5
  • May 5, 2008 11:55am May 5, 2008 11:55am
Quoting tenantro
The most recent book that comes to mind that features the kind of overview that you're looking for is High-Powered Investing All-In-One For Dummies.

It has a 100+ page section on forex with a lot of useful stuff.I attached the table of contents for you from Wiley's site.I would've given you the link but I don't want to see any more of my posts recycle binned.

I'm sure I read other books that feature the kind of info you want but can't remember which ones exactly right now...the one I mentioned is the most recent one.
Great thanks - I'll take a look and see if I can get my hands on a copy in the reference library.
  • #6
  • May 5, 2008 11:57am May 5, 2008 11:57am
Quoting Rabid
I don't think anyone that's done that level of homework (collected all of the data) for any given pair is going to be up for sharing it, that's usually the kind of data you have to either buy or collect yourself.

As for what moves each pair, well that's usually the same for each. Trade deficit, budget deficits, economic policies and status and monetary policies and status. Grab a copy of George Soros's book "The Alchemy of Finance" ... worth a read for ppl interested in fundes.
I figured that's why the information was scarce! Everything else is no problem to find (it's just a matter of finding it), where as this....rare.

I'll definitely take a look at that book.

If I WAS interested in buying that information though...it's not available in one location is it? Everyone has their own different versions is what you're saying.....
  • #7
  • May 5, 2008 6:32pm May 5, 2008 6:32pm
Quoting renegade7
I figured that's why the information was scarce! Everything else is no problem to find (it's just a matter of finding it), where as this....rare.

I'll definitely take a look at that book.

If I WAS interested in buying that information though...it's not available in one location is it? Everyone has their own different versions is what you're saying.....
Go to Currency Trader magazine and then go to the Sept. 2005 issue in their archives. There is an article called Currency Personalities by Brian Dolan. You should find it useful. There's been a link posted here at FF, but I can't remember where.
  • #8
  • May 6, 2008 12:08am May 6, 2008 12:08am
There are only two major factors in the "personality" of a currency pair.

1) Support
2) Resistance

However, there are a few minor differences. For example, EUR/GBP isn't going to move 200 pips in a day 99.99% of the time. So basically, when I am in this pair, I know to give it more time.

GBP/JPY on the other hand....moves like a cheetah.

AUD seems to be related to Gold, when it wants to be. CAD can be related to Oil, if there isn't something more important going on.

In order to learn "what" or "why" a pair gets driven, you would have to be able to read minds all over the world. Because at the end of the day, if the Euro is going up, it's because traders think it's worth more than it's presently priced.

This is not meant to be a joke, or tongue-in-cheek.....I guess I just remember being worried about what makes the EUR.JPY do "what it does", and at the end of the day.....I found it's buying and selling. Because of this, I can make profit on any chart. Wheat, Oil, AUD/USD.....makes no difference to me.

Keep it simple, and the pips follow.

Clockwork
  • #9
  • Last Post: May 6, 2008 12:32am May 6, 2008 12:32am
Found the link and it still works. Dolan is an excellent writer. http://www.gaincapital.com/files/Cur...der0905-BD.pdf
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