long-term news sentiment inflection points covering the seven major currency pairs. The sentiment indexes are proven to … predict short-term price movements in the major currency pairs for up to several hours after an inflection point …

This paper studies predictability of currency returns over time and the extent to which it is captured by trading rules … commonly used in currency markets. We consider the strategies that an investor endowed with rational expectations could have … pursued to exploit out-of-sample currency predictability and generate abnormal returns. We find a close relation between these …

day are selected to estimate the currency smirk. Research results reveal that the currency smirk outperforms in … currency smirk in the midday period is higher compared to the opening and closing periods. However, currency smirks … currency smirk. These findings imply that the currency smirk is distinctive for forecasting very short-term FX fluctuations …