Ashraf's Book: Currency Trading and Intermarket Analysis

How to Profit from the Shifting Currents in Global Markets
Wiley Trading Series - 2008

*Ranked #1 in Amazon's Foreign Exchange and Finance sub-categories


Chapter 1 Gold and the Dollar

  • End of Bretton Woods System Marks Gold's Takeoff Fed Tightening and FX Interventions Rein in Gold Rally
  • Central Banks Gold Sale Agreements
  • Gold-USD Inverse Relation
  • Recent Exceptions to the Inverse Rule
  • Using Gold to Identify Currency Leaders and Laggards
  • Golds Secular Performance
  • Valuing Currencies via Gold
  • Golden Correlations
  • Dont Forget Falling Gold Production
  • Gold and Equities: Hard versus Monetary Assets
  • Gold-to-Equity Ratios
  • The Role of the Speculators
  • Gold Is Part of a Larger Story

Chapter 2 Oil Fundamentals in the Currency Market

  • From a Gold Standard to an Oil Standard (1970s-1980s)
  • Oil Glut and Price Collapse (1981-1986)
  • The Super Dollar of (1980-1984) The Worlds Third Oil Shock
  • World Intervenes against Strong Dollar (1985-1987)
  • Iraqs Invasion of Kuwait and the Gulf War (1990-1991)
  • The Asian Crisis and OPECs Miscalculation (1997-1998)
  • Oil Thrives on World Growth, Dot-Com Boom (1999-2000)
  • Iraq War Fuels Oil Rally, Dollar Flounders, China Takes Over (2002 to Present)

Chapter 3 When the Dollar was King (1999-2001)

  • The Major Theories
  • Annual Performance Analysis of Individual Currencies

Chapter 4 The Dollar Bear Rises (2002-2007)

  • 2002: The Beginning of the Dollar Bear Market
  • 2003: Dollar Extends Damage, Commodity Currencies Soar
  • 2004: Global Recovery Boosts Currencies against U.S. Dollar
  • 2005: Commodities Soar alongside Dollar, Carry Trades Emerge
  • 2006: Dollar Vulnerable as Fed Ends Two-Year Tightening
  • 2007: Record Oil Boosts Loonie, Helpless Fed Hits Greenback
  • Lessons Learned

Chapter 5 Risk Appetite in the Markets

  • Carry Trades in Foreign Exchange
  • Using Risk Appetite to Gauge FX Flows
  • The VIX
  • Futures Flows
  • Corporate Bond Spreads
  • Tying It All Altogether: 1999-2007

Chapter 6 Reading the Fed via Yield Curves, Equities, and Commodities

  • Yield Curves and the Economy
  • Types of Yield Curves
  • Rationale of Inverted Yield Curve Implications
  • Effectiveness of Yield Curve Signals Implications
  • Greenspans Conundrum Proved Bernankes Problem
  • Implications for Growth, Stocks, and Currencies
  • Tying Interest Rates to the Gold-Oil Ratio

Chapter 7 U.S. Imbalances, FX Reserve Diversification, and the U.S. Dollar

  • The U.S. Twin Deficits
  • U.S. Current Account Deficit: Old Problem, New Challenges
  • Adding the Budget Balance to the Mix
  • Financing the Deficits: The Path to Unsustainability?
  • Dissecting U.S.-Bound Foreign Capital Flows
  • U.S. Stocks and Bonds Vie for Foreign Money
  • Capital Flows Shift Identities
  • Foreign Direct Investment and M&As
  • How Long Will Foreign Capital Be Available on the Cheap?
  • Dont Ignore U.S. Investors Flows Abroad
  • Currency Reserve Diversification: OPEC and the Middle East
  • Further Currency Diversification Is Inevitable
  • The View Ahead

Chapter 8 Commodities Super Cycles and Currencies

  • The Current Commodity Cycle versus Previous Cycles
  • Dissecting Commodity Classes
  • Commodities and their Currencies
  • Developing World to Maintain Ripe Outlook for Food and Grains
  • Energy Efficiency Not Enough to Halt High Oil
  • Copper and Gold to Shine on Long Term Fundamentals
  • Commanding Heights or Common Bubbles?

Chapter 9 Selected Topics in Foreign Exchange

  • Revisiting Yield Curves
  • Is Dollar Stability a Necessity?
  • How Far Will Commodities Outstrip Equities?
  • U.S. Politics and the U.S. Dollar
Comments (Showing latest 10 of 10) View All Comments
Texus, United States
Posts: 0
18 days ago
Mar 7, 2017 6:53
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Sami Bashir
Edmonton, Canada
Posts: 0
1 year ago
Dec 3, 2015 6:18
Good job Ashraf.
ku, Kuwait
Posts: 0
2 years ago
Sep 6, 2015 8:12
????? ????? ??????? ????? ??????? ???? ?????? ??? ????? ??????????
??? ???? ???? ????? ???? ?????? ??????? ???? ?????
alex, Egypt
Posts: 14
2 years ago
Jul 28, 2015 21:26
nice book Ashraf we hope you translate to Arabic
New York City, United States
Posts: 0
2 years ago
Jul 6, 2015 15:43
NIce book it is
beijing, China
Posts: 0
2 years ago
Jan 20, 2015 9:43
HIHI Ash, write a new book, ok? pls see today's crude and dollar...;)
Paris, France
Posts: 0
2 years ago
Oct 1, 2014 18:44
Hello Ashraf,

do you consider to translate your book in French?

Congratulations for your site! I am very happy to be a Premium member!
Ashraf Laidi
London, UK
Posts: 0
3 years ago
Jun 18, 2014 16:33
And here is the video I shot, juggling World Cups & Market Cycles

Full Video

Ashraf Laidi
London, UK
Posts: 0
3 years ago
May 15, 2014 7:34
My interview today on Bloomberg about the crucial Eurozone CPI & likely ECB options, as well as the importance of "real" yield differentials in explaining G7 currency performances.

Ashraf Laidi
London, UK
Posts: 0
3 years ago
May 1, 2014 16:55