|
| |
|
|
Development of foreign exchange market
Hakobyan, Ani ; Brůna, Karel (advisor) ; Čermáková, Daniela (referee)
This thesis describes the instruments of the foreign exchange market and analyses the trend of its single elements over the past 15 years. The work is divided into two parts. The first part includes the description of the global foreign exchange market,its history, geografical concentration, participants and financial instruments. The second part analyses the foreign exchange market in the Czech Republic and its comparison with transition economies such as Poland, Hungary and The Slovak Republic.
|
|
|
Eurasian FOREX markets
Sadykova, Albina ; Brada, Jaroslav (advisor)
This thesis is mainly concerned with comparison of European and Asian Forex markets in terms of their regulation and services given by brokers and other financial institutions, and currency pairs which are mainly traded in certain domestic currency markets. The first part of thesis is presented with the foreign exchange market including its characteristics and features of its evolution and with explanation of the basic concepts of the trade and investment in it. The second part describes important characteristics and particularities of the relationships between Forex brokers and their clients. In this part process how to retail traders participate indirectly through brokers or banks in global exchange market is explained; in this part also includes description of possible risks related with this special type of trading.
|
|
|
Analysis of reactions to extreme movements on forex market in view of behavioural finance
Halva, Jakub ; Havlíček, David (advisor)
This bachelor thesis focuses on underreactions and overreactions on extreme moves on the foreign exchange market (FOREX). Theoretical part focuses on differences between efficient market theory and modern approach of behavioural finances to the analysis of price movements on the financial markets. Analytical part examines two different groups of currencies (developed market currencies and emerging market currencies) in their relation to the newly published information and analyzes reactions on these information on daily and hourly time frames. There is found no evidence of consistent underreactions or overreactions on daily time frame but there are identified statistically significant underreactions on the hourly time frame in the group of developed currencies. The last part of the thesis discusses potential flaws of the methodology used in the thesis which can potentially lead to distortions of the results.
|
|
|
Technical analysis in the foreign exchange market
Vařenka, Jiří ; Durčáková, Jaroslava (advisor) ; Mandel, Martin (referee)
The main goal of this bachelor thesis is to characterize technical analysis as a method of foreign exchange rate prediction and its possible ways of use. The first chapter focuses on the foreign exchange market characteristics, the FX market participants and retail trading conditions. The second chapter explains different types of data presentations as well as basic support and resistance approach and brings detailed classification features of indicators, which are commonly used in technical analysis by both dealers and retail traders. The technical analysis is then confronted with the efficient market theory. In the empirical part we test one simple moving average-based trading strategy in 4 modifications.
|
|
|
The Application of the Technical Analysis Based on Moving Averages (Example of the EUR/USD Exchange Rate - the Data with the Daily and Hourly Frequency)
Ketzer, Jaroslav ; Mandel, Martin (advisor) ; Kuncl, Martin (referee)
This bachelor thesis is focused on the application of the technical analysis in the foreign exchange market. It describes assumptions of the technical analysis, defines basic concepts connected with the technical analysis and with the foreign exchange market and specifies basic principles of the technical analysis. The predominant part of this thesis is devoted to moving averages and indicators based on moving averages. Its objective is to describe mathematically correct process of their calculation, reasons for expecting profitability of this indicators and basic ways to use. An assessment and a comparison of these indicators is conducted on analysis results of the foreign exchange development of the EUR/USD currency pair in the years 2007-2010.
|
|
|
The basics of Forex trading
Polnický, Martin ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The bachelor thesis is about the theory of technical analysis and its practical application of intraday trading at one of the major forex trading pair EUR/USD. At the beginning, Foreign exchange market is presented with its characteristics and specifics, its subjects and major trading pairs. The next part is devoted to the theory of technical and fundamental analysis, trading systems and to a couple of suggestions, how to choose a good Forex broker. The end of the thesis is focused on an application of technical indicators including efficiency evaluation of my trading system.
|
|
|
Testing of methods of the technical analysis on foreign exchange market
Rajča, Tomáš ; Taušer, Josef (advisor) ; Žamberský, Pavel (referee)
This thesis is focused on selected methods of the technical analysis and their application on foreign exchange rate. The goal is to evaluate the usability of individual methods in the field of foreign exchange market. The main emphasis is on moving averages, but also other methods are tested. For the purpose of evaluation is used the profitability of tested methods or other suitable characteristics. The methods of technical analysis are theoretically described in the first part of this thesis and in the second part follows their testing with the use of real data and the evaluation of their performance.
|
|
|
Sustainability and the future of managed floating in China
Švarc, Jiří ; Antoš, Ondřej (advisor) ; Ježek, Tomáš (referee)
The purpose of this thesis is to study the Balance of Payments and the Exchange Rate of the People's Republic of China, and it aims to assess whether the current performance of their Managed Floating Exchange Rate is sustainable in the future (given the equilibrium of China's Balance of Payments) and examine what effect would a Free Floating Renminbi Exchange Rate have on the Chinese economy. The work uses the method of compilation - gathering and organizing information on the development of China's External Balance of Payments, renminbi, and foreign exchange reserves. Government, together with the Central Bank initially practiced the Fixed Exchange Rate of the domestic currency against the U.S. dollar. The Stable Exchange Rate regime has been replaced by a system of Managed Floating since the second half of 2005. In this context the work uses the method of comparison -- comparing the situation before the mentioned replacement, and subsequent development. Based on the individual findings, it has become obvious that a significant imbalance in China's equilibrium Balance of Payments continues. Furthermore, the work suggests effects the Free Floating Exchange Rate of renminbi would have on the Chinese economy. The conclusion points out the possible complications of China's currency management that may affect the Chinese economy.
|
|
|
The devolopment of the structure of foreign exchange market in the Czech Republic
Kučera, Lukáš ; Kuncl, Martin (advisor)
Foreign exchange market in the Czech Republic has not existed for a long time in the form as how we know it today. It started to develop after the fall of socialism and it had to catch up everything that the world foreign exchange market already have gone through. It was necessary to pass through several periods which were for developement very specific. The structure of the market was also changing, mainly the instruments. In the beginning there was interest only for spot operations, the more the market was developing it focused more on the term operations-derivatives. Today we meet transactions dealt mainly for speculation, hedging or just because of lack of likvidity of another currency. These transactions can be for example outright forward, FX swap, options or futures.
|
guest ::
