The use of flow analysis in foreign exchange: exploratory evidence

Thomas Gehrig and Lukas Menkhoff

Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

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.

Keywords: foreign exchange markets; flow trading; market microstructure (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2003-03
New Economics Papers: this item is included in nep-fmk and nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Journal Article: The use of flow analysis in foreign exchange: exploratory evidence (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:han:dpaper:dp-276

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