haku: @author Mathur, I. / yhteensä: 29
viite: 12 / 29
| Tekijä: | Lee, C. Mathur, I. |
| Otsikko: | A comprehensive look at the efficacy of technical trading rules applied to cross-rates |
| Lehti: | European Journal of Finance
1996 : DEC, VOL. 2:4, p. 389-412 |
| Asiasana: | FINANCE TRADE CURRENCY |
| Kieli: | eng |
| Tiivistelmä: | Moving average (MA) and channel rules (CH) are applied to ten spot cross-rates - AUD/jpy, GBP/JPY, DEM/JBP, DEM/FRF, DEM/ITL, DEM/JPY, DEM/CHF, CHF/GBP, and CHF/JPY - to examine whether opportunities for profitable trading exist. The results suggest that neither trading rule is profitable. Overall, the results are consistent with those reported in Lee and Mathur and in sharp contrast with the evidence from studies on dollar-denominated exchange rates. The cost of direct currency exchange through cross-rates and through indirect dollar-related transactions are also estimated. |
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