If it was determined that the movement of exchange rates was not related to previous exchange rate values, this implies that a ____ is not valuable for speculating on expected exchange rate movements.
A) technical forecast technique
B) fundamental forecast technique
C) all of the above
D) none of the above

Question

Quizplus · Accepted Answer

If exchange rate movements are not related to previous exchange rate values, technical forecasting techniques which rely on analyzing historical price and volume data would not be valuable for speculating on expected exchange rate movements. However, fundamental forecasting techniques which consider economic, political, and social factors that may impact exchange rates could still be useful. Therefore, choice B is not the best answer as fundamental forecasting techniques could still be valuable.

If It Was Determined That the Movement of Exchange Rates