August 2008
Intermediate to advanced
208 pages
6h 50m
English
book
Sentiment in the Forex Market: Indicators and Strategies to Profit from Crowd Behavior and Market Extremes
by Jamie Saettele
Content preview from Sentiment in the Forex Market: Indicators and Strategies to Profit from Crowd Behavior and Market Extremes
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P1: PIC/b P2: c/d QC: e/f T1: g
c02 JWBK195-Saettele May 31, 2008 11:19 Printer: Yet to come
The Problem with Fundamental Analysis 19
FIGURE 2.3 Studying the trade balance would get you nowhere if you were trying
to forecast the direction of the DXY
Source: Chart created on TradeStation
R
, the flagship product of TradeStation Tech-
nologies, Inc.
positive one. In other words, there is no consistent correlation. The DXY
could rally and the trade deficit continue to widen, and those who are fa-
miliar with this type of chart would not be surprised since that is exactly
what has happened before.
TREASURY INTERNATIONAL CAPITAL
The calculations that are done to arrive at the Treasury International Cap-
ital (TIC) number are quite complex. Instead of trying t o condense every-
thing into a few paragraphs, I have included excerpts from the U.S. Depart-
ment of the Treasury’s web site (www.treas.gov), the entity responsible for
data on capital flows in and out of the United States. Understanding the TIC
number to this extent is good for general knowledge purposes but will not
help in trading. If you’re not interested, feel free to skip to Figure 2.4, which
P1: PIC/b P2: c/d QC: e/f T1: g
c02 JWBK195-Saettele May 31, 2008 11:19 Printer: Yet to come
20 SENTIMENT IN THE FOREX MARKET
FIGURE 2.4 U.S. Dollar Index Monthly ...
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