Ashraf Laidi provides information on his new course 'Currencies and Intermarket Dynamics' to be held at CMC Market's London offices on 13th March 2010.
For more information visit http://www.cmcmarkets.co.uk/education/special-events
This course will start off with the basics of foreign exchange markets, identifying the major currency pairs, terminologies mechanics, as well as the fundamental dynamics impacting the world’s biggest financial market. The core of the course tackles the FX market from an intermarket stand point, dissecting the way currencies react to developments in risk appetite, equity indices, interest rates and commodities. The course provides a unique analysis on which currency pairs have out/underperformed during the intensification of the financial crisis, touching upon the evolving correlations with the various instruments and most of all, stating the rationale behind these correlations.
Whether you trade currencies, gold, equities or interest rates, don't pass up this opportunity to get Ashraf Laidi's insights on the inter-market landscape for 2010 and how it is differing from 2009.
In April 2007, Laidi countered the consensus by predicting Fed rate cuts for that summer, then repeating the call in June 2008 predicting further easing at a time when fed funds futures priced in an 85% chance for a tightening by September. Laidi will also give his outlook for the major currency pairs, gold and equities by illustrating the cyclical intricacies linking these markets and covered in his latest book. "Currency Trading & Intermarket Analysis".
Making sense of currency pairs and how to use individual pairs to construct “artificial” cross rates is an essential part of every trader’s FX proficiency. Familiarizing yourself with the various currency pairs improves your ability to manoeuvre around the global market place.
Although charts are vital to understanding the technical behaviour of the market, you can also be able to scan various FX market groups (by currency and appetite) without the use of charts. Gaining the ability to quickly determine the winners and losers in FX is a crucial advantage in helping you optimise your results in this fast-moving market.
Trading on economic releases may not be straight forward endeavour in FX, but there are several “high impact” economic releases and announcements, which continue to impact currencies. Knowing which data announcements are key and how to position yourself ahead of these releases can be a powerful tool, especially when combined with technical analysis.
Intermarket dynamics are increasingly becoming a prominent component of strategies in hedge funds and banks’ trade desks. Whether you’re trading shares, currencies or commodities, you cannot ignore the cross relationship among these 3 segments. Ashraf Laidi will apply the knowledge from his best selling book “Currency Trading & Intermarket Analysis” into real life scenarios involving the correlations among these markets and how they can be used as a trigger for moves in currencies.
Ashraf Laidi’s summer course “Currencies & Intermarket Analysis” will focus on the “trading strategies” element of intermarket dynamics, by dissecting real-life scenarios of wining and losing set-ups involving the interaction among currencies, equity indices and commodities. The course will explore the evolving correlations underpinning these market segments, and more importantly, the reasons to the breakdown of these correlations.
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