Independently minded publishing
Menu

The Foreign Exchange Matrix

A new framework for understanding currency movements

By Barbara Rockefeller and Vicki Schmelzer

Paperback £35.00 / $55.00
eBook £30.99 / $36.99
Buy now

The Foreign Exchange Matrix

A new framework for understanding currency movements

By Barbara Rockefeller and Vicki Schmelzer

Jacket text

The foreign exchange market is huge, fascinating and yet widely misunderstood by participants and non-participants alike. This is because its unanswered questions are numerous. For instance, what is the purpose of the $4 trillion per day trading volume? What determines currency trends and who are the players in the FX arena? Does FX drive other financial markets, or is it the passive end-product of all the other markets? FX is without clear supply and demand factors, so how do traders determine sentiment and price direction?

Much is written in an effort to answer these questions, but a lot of it is just noise. In the 12 pieces here, Barbara Rockefeller and Vicki Schmelzer draw on their combined 50 years’ experience in foreign exchange to cut through the clutter and provide an elegant and razor-sharp look at this market. Their analysis is accurate, useful and enlivened by many anecdotes and examples from historic market events. They cover:

– How the matrix concept can help observers understand foreign exchange market action
– What professional FX traders take into consideration before entering into positions
– Whether the FX market can be forecast
– The interplay between foreign exchange and other financial markets
– How technology has levelled the playing field between big and small players, and at what cost
– Whether the prospect of reserve currency diversification away from the dollar is likely
– The toolkit that central banks use to manage national economies and the effect of this on currencies

‘The Foreign Exchange Matrix’ is the go-to book for anyone seeking a deeper understanding of the world of foreign exchange.

About the author

Barbara Rockefeller is an international economist and forecaster specializing in foreign exchange. She was a pioneer in technical analysis and also in combining technical analysis with fundamental analysis. She publishes two reports daily using both techniques (www.rts-forex.com) for central banks, professional fund managers, corporate hedgers and individual traders. The trading advice newsletter has an average annual hypothetical return over 50% since inception in 1994 and has never posted a losing year. She is the author of three books on trading, including Technical Analysis for Dummies, and contributes a regular column to Currency Trader magazine. Her education includes a BA in economics from Reed College, with a year at the University of Keele in Staffordshire (UK), and MA from Columbia University in international affairs.

About the author

Vicki Schmelzer is currently vice president of FINWRIT LLC, a firm specializing in financial journalism and editing. Up until January 2018, she worked for 18 years as a financial journalist for Market News International, writing about currencies and other asset classes. Before becoming a journalist, Ms. Schmelzer worked as a senior currency dealer at major U.S. and international banks including Dresdner Bank, Citibank, Manufacturers-Hanover/Chemical Bank and Westdeutsche Landesbank. She has appeared on ForexTV, FX Street and was in Alain Lasfargues' 2009 documentary The Marvelous History of the Dollar. Her education includes a BA in German (and Mathematics minor) from Clarion State University.

Reviews

“This book is worth buying and reading. An enlightening and, more often than not, exciting read. It is one of those rare books that I can wholeheartedly recommend to every visitor of this blog. Reading it is well worth those 8-12 hours of your life.”

– Earn Forex blog

“An elegant and razor-sharp look at the market”

– Your Trading Edge magazine

“Will take your understanding of the market to the next level”

– Money Maker magazine

“Rockefeller and Schmelzer provide a vigorous and comprehensive examination of the factors that weigh on foreign exchange markets.”

– Michael J. Woolfolk, Managing Director and Senior Currency Strategist, Bank of New York Mellon

Media coverage

From Earn Forex Blog :

The Foreign Exchange Matrix: A new framework for understanding currency movements was written by two authors ? Barbara Rockefeller and Vicki Schmelzer. You may remember my review of Barbara?s other book. It would not be a big exaggeration to say that I am Barbara?s fan when it comes to foreign exchange writing. This book?s main… Read more »

Read More…

From Your Trading Edge:

The foreign exchange market is huge, fascinating and yet widely misunderstood by participants and non-participants alike. This is because its unanswered questions are numerous. For instance, what is the purpose of the $4 trillion per day trading volume? What determines currency trends and who are the players in the FX arena? Does FX drive other… Read more »

Read More…

From Traders' Magazine:

Does the trading world really need another book on the FX market? Clearly we thought so, since so much of what is written about the FX market is simplistic or just plain wrong. For example, FX is said to have a strong correlation with commodities, particularly oil and gold. The dollar is also said to… Read more »

Read More…

From Traders Day Trading:

The retail trader is always at the mercy of the big banks and brokers who are busy executing trades for assorted fund managers the true drivers of FX trends. Whether these funds are hedging an equity or fixed income position or taking an FX position for their own account, fund managers are the ones whose… Read more »

Read More…

From MoneyMaker Magazine:

In this new collection of 12 articles from foreign exchange experts Barbara Rockefeller and Vicki Schmelzer, the authors begin with an interesting observation ? everyone knows the FX market is the largest and most liquid financial market there is, but how many people stop to ask ?What is the purpose of all this volume?? This… Read more »

Read More…

From Index Trader:

Traders seeking new strategies may want to check out the latest book release for forex specialists, written by forex analysts Barbara Rockefeller and Vicki Schmelzer. Entitled Foreign Exchange Matrix, the book has already had the thumbs up from guest reviewers at international banking groups such as BNY Mellon. Author Barbara Rockefeller is a recognised technical… Read more »

Read More…

Contents

About the Authors
Foreword by Michael J. Woolfolk
Introduction

1. The Matrix Concept
2. Review of Risks
3. Global Attitude Toward Risk
4. Interest Rates and Interest Rate Differentials
5. Forecasting FX
6. Positions and Flows
7. Intermarket Analysis
8. Technical Analysis in Foreign Exchange
9. The FX Files of Trading
10. Be Careful What You Wish For: Reserve Diversification and the Future of the Dollar
11. The Euro and the New Gold Standard
12. The Central Bank Tool Kit and How it Affects Foreign Exchange

References
Index



Published: 11/02/2013
Edition: 1st
Pages: 250
Formats: paperback - ISBN 9780857191304
ebook - ISBN 9780857192707
Media enquiries

If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.

Rights

For information on available rights, please contact rights@harriman-house.com

Bulk purchases

We offer discounts for bulk purchases. Please contact specialsales@harriman-house.com for a quote.