The book is a study on the profitability of technical and fundamental trading rules in emerging financial markets (stock and foreign exchange markets), using Kuwait as a case study. The ultimate objective of the study is to demonstrate that financial volatility can be attributed to the heterogeneity of traders with respect to the trading strategies they use.

A number of trading strategies are considered, including those based on expectation formation mechanisms, quantitative technical indicators, filter rules, moving average rules, fundamental trading rules and the price-volume relation. The profitability of each trading rule is then compared to the profitability of a passive buy and hold strategy. Based on the profitability of these rules, weights are assigned to each strategy to simulate financial prices (two stock prices and two exchange rates).

What is the future of the US dollar as an international currency? The essays collected in this volume comments on critical issues that will influence the outlook for America's greenback. The first two chapters address the emergence of the euro as a potential rival for the dollar. Contrary to popular expectations, Benjamin Cohen argues that the euro is destined to remain a distant second to the greenback.

Treasury Management Magazine, Trading Rules, Financial Markets, Technical Trading Rules, Foreign Exchange Markets, Trading Strategies, Quantitative Technical Indicators, European Policies, Foreign Governments, International Currency, Financial Prices.