Currency Trading For Dummies®, 2nd Edition

Part II

Driving Forces behind Currencies

In this part . . .

I start out by looking at the main macroeconomic drivers that move currency markets. If you slept through Econ 101, don’t worry — I take a mercifully brief (yet thorough) look at the economic and structural forces that drive currency rates. Then I shift gears a bit and explore how market psychology and sentiment filter those economics and dictate day-to-day price movements. Next, I look at the key individual economic reports — both U.S. and foreign — to give you a trader’s insight into what they mean and how you can profit from them. I wrap up by providing our insights into the fundamental trading behavior of the major and minor currency pairs and crosses.