Macroeconomic Implications Of The Belief And Behavior Forex Traders

File Description:

The authors report findings from a survey of United States foreign exchange traders. That; technical trading best characterizes about 30% of traders, with this proportion rising from five years ago; news about macroeconomic variables is rapidly incorporated into exchange rates; the importance of individual macroeconomic variables shifts over time, although interest rates always appear to be important, and; economic fundamentals are perceived to be more important at longer horizons.