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The Foreign Exchange Matrix: A new framework for understanding currency movements by Barbara Rockefeller, Vicki Schmelzer

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Chapter 1 – The Matrix Concept

“I do not believe such a quality as chance exists. Every incident that happens must be a link in a chain.”

Benjamin Franklin

What is the matrix?

The FX Matrix refers to a grid format of the multiple factors and players in the FX market and the way they interact. The term matrix is borrowed from random matrix theory and we use the matrix concept as a metaphor to help you avoid reaching or accepting oversimplified explanations of why the market behaves the way it does.

In random matrix theory, the maths is truly advanced. Graduate students, hedge funds and governments devise models of complex dynamic systems. Most of us can’t get past page one of their articles and books because of the daunting calculations, ...

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