six portfolio balance theory autorebateforexPortfolioBalanceApproach 1. theoretical elaboration Its theoretical origins can be traced back to the 1960s McKinnon (Mckinnon) forex broker rebate program Oates (Oates) research after many peoples research, the formation of a variety of forms of forexbrokerrebateprogram portfolio theory but usually It is believed that the systematic discussion of Princeton University Professor W. Branson in 1975 and 1977 is the basis of the portfolio analysis model, which was further modified by H. Halttune and P. Masson and others, thus making it more perfect. The portfolio model emphasizes the role of wealth and portfolio balance in cashback forex forexrebatebest determination. The role of asset selection means that the investor adjusts his marketable securities and monetary assets so as to choose the best set of comparative return and risk relationships The main points of the theory The proportion of various financial assets held by the investor under certain conditions of wealth depends on the size of the relative rate of return of various financial assets and the expected exchange rate changes The proportion of various financial assets held by the investor under certain conditions of wealth depends on The size of the relative rate of return on various financial assets and changes in the expected exchange rate The equilibrium exchange rate is the exchange rate when asset holders voluntarily maintain their existing composition of local currency assets and foreign currency assets without adjustment The exchange rate fluctuates because investors rebuild their asset portfolios The increase or decrease in various foreign currency assets is the result of investors adjusting their foreign currency asset ratios This adjustment causes changes in the exchange rate Differences from the monetarist theory. The monetarist theory holds that the exchange rate is determined by the relative supply and demand for money in two countries while the asset portfolio theory holds that the exchange rate is determined by the structural balance of all financial asset stocks; since marketable securities are a huge market for investors to invest in and there is a good substitution between marketable securities and money, marketable securities can have a great impact on the supply and demand stocks of money 2. Data interpretation Modern financial markets, the The rapid flow of funds and the integration of financial markets have led to increased linkages between financial markets, the foreign exchange market, the stock market, the bond market and the gold market, so that we can analyze the foreign exchange market from a cross-market perspective, such as the recent trend of the Japanese yen and the Dow Jones index has shown a strong correlation between investors need to understand the nature of the financial markets from the perspective of asset allocation. Investors need to understand the nature of financial markets, such as gold as an alternative investment and a safe-haven asset, for example, the interest rate of the 10-year Treasury bond for the gold market is a strong guide to the meaning of the asset portfolio theory we can find from the asset portfolio theory TheIndexofLeadingEconomicIndicators is published by the Bureau of Economic Analysis of the Department of Commerce on the last business day of each month. The Index of LeadingEconomicIndicators is composed of a number of indices reflecting different economic conditions, and it is mainly used to forecast the future overall economic conditions. From 1952 to the present, the leading economic indicators "anticipate" 10 recessions, but only 7 of them actually occur. The Economic Advance Indicator contains 11 indices: average weekly hours worked in manufacturing, weekly unemployment claims, new orders for consumer goods, seller conditions, orders for plant and equipment, building permits, changes in outstanding orders for consumer durables, sensitive material prices, the S&P 500 stock price index, the true Money supply M2, Consumer Expectations Index Economic indicators provide a more comprehensive picture of economic development than individual indices Economic indicators are compiled by the Bureau of Economic Analysis of the U.S. Department of Commerce using data from a wide variety of private information centers and government agencies
forex broker rebate program, All rights reservedIf not stated, all are original
Please indicate the original link for reprinting： Exchange rate determination theory and economic data interpretation (VI)
Please indicate the original link for reprinting： Exchange rate determination theory and economic data interpretation (VI)