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The use of flow analysis in foreign exchange: exploratory evidence

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  • Gehrig, Thomas
  • Menkhoff, Lukas

Abstract

This paper provides questionnaire evidence on the role of flow analysis for professional traders and fund managers. This evidence suggests that besides fundamental information and technical analysis, the analysis of flows provides an independent third type of information for professionals. The view that flows can be used to learn about fundamentals is not consistent with the data. Instead, evidence indicates that flows more likely provide insight into semi-fundamental private information.

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File URL: http://www.sciencedirect.com/science/article/B6V9S-4BK2F3J-1/2/713f289a03ef72fe03662273760a20f7
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Bibliographic Info

Article provided by Elsevier in its journal Journal of International Money and Finance.

Volume (Year): 23 (2004)
Issue (Month): 4 (June)
Pages: 573-594

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Handle: RePEc:eee:jimfin:v:23:y:2004:i:4:p:573-594

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Web page: http://www.elsevier.com/locate/inca/30443

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References

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