Empirical Evaluation of Foreign Exchange Market Efficiency

Empirical Evaluation of Foreign Exchange Market Efficiency

👓 Krishnaveni P.,Varadaraj S.
Empirical Evaluation of Foreign Exchange Market Efficiency

Empirical Evaluation of Foreign Exchange Market Efficiency

✅ The global market for foreign exchange is larger in turnover than any other market, including global equities and typically extremely liquid has changed dramatically over the past several years. Although both fundamental and technical analysis have the same goal of predicting a price or movement in FOREX market, they differ greatly. While technical analyst studies the effect, the fundamentalist studies the cause of market movement. Many successful traders combine both approaches for superior results. Considering the above mentioned facts, the present study is undertaken, with the aim of enhancing the existing knowledge base in the field of FOREX market technical analysis. The present study is undertaken to empirically evaluate the efficiency of foreign exchange market in respect of nine currency pairs, viz., EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, EURGBP, EURJPY, AUDUSD and NZDUSD as well as the importance of currency pairs, time frames and technical indicators in making regular returns and also making return after adjusting for risk associated with trading. It is concluded that there is non-randomness in the daily exchange rate return series of all nine selected currency pairs.



Также:

Asha Thapa and A. R. Vivekananda Pai «Role of Anti-Oxidants in Composite Resin Bonding Following Bleaching»
Asha Thapa and A. R. Vivekananda Pai «Role of Anti-Oxidants in Composite Resin Bonding Following Bleaching»
William Carlos Williams «A Book of Poems. Al Que Quiere.»
William Carlos Williams «A Book of Poems. Al Que Quiere.»
Ignacy Krasicki «Aventures de Nicolas Doswiaczynski. par Ignace Krasicki; traduit du polonais en francais par J. B. Lavoisier; precedees de l.eloge de l.auteur par ...»
Ignacy Krasicki «Aventures de Nicolas Doswiaczynski. par Ignace Krasicki; traduit du polonais en francais par J. B. Lavoisier; precedees de l.eloge de l.auteur par ...»
Zacharie Lacasse «Une Mine Produisant l.Or Et l.Argent. Decouverte Et Mine en Reserve pour les Cultivateurs Seuls (Classic Reprint)»
Zacharie Lacasse «Une Mine Produisant l.Or Et l.Argent. Decouverte Et Mine en Reserve pour les Cultivateurs Seuls (Classic Reprint)»
J.A. Symonds «Assays speculative and suggestive»
J.A. Symonds «Assays speculative and suggestive»

Report Page