Foundations of Currency Markets
A 3-part series.
- A structural introduction to the forces behind exchange-rate movement — rate differentials, capital flows, trade balances, and positioning.
- How to interpret scheduled economic releases — impact ratings, forecast versus actual, revisions, and why the reaction often contradicts the number.
- Mandates, reaction functions, forward guidance, and how to read a central bank statement for what it changes rather than what it says.