Technical trading rule profitability and foreign exchange intervention
نویسندگان
چکیده
منابع مشابه
Technical Trading Rule Profitability and Foreign Exchange Intervention
There is reliable evidence that simple rules used by traders have some predictive value over the future movement of foreign exchange prices. This paper will review some of this evidence and discuss the economic magnitude of this predictability. The profitability of these trading rules will then be analyzed in connection with central bank activity using intervention data from the Federal Reserve...
متن کاملTechnical Trading Rule Pro tability and Foreign Exchange Intervention
There is reliable evidence that simple rules used by traders have some predictive value over the future movement of foreign exchange prices. This paper will review some of this evidence and discuss the economic magnitude of this predictability. The pro tability of these trading rules will then be analyzed in connection with central bank activity using intervention data from the Federal Reserve....
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 1999
ISSN: 0022-1996
DOI: 10.1016/s0022-1996(98)00061-0