Intermarket Analysis: Profiting from Global Market Relationships

John J. Murphy, one of the most respected authorities on technical analysis, presents a groundbreaking exploration of how global markets interact in Intermarket Analysis. First published in the 1990s and updated in later editions, this book demonstrates how stocks, bonds, commodities, and currencies influence one another, offering traders and investors a holistic framework for decision-making.

Murphy introduces the concept of intermarket relationships as a crucial tool for anticipating market trends. By studying the interplay between asset classes—such as how bond yields impact stock prices, or how commodity trends affect currencies—traders gain powerful insights into the forces driving markets. This big-picture perspective provides an edge over strategies that focus narrowly on single markets.

The book provides both theoretical foundations and real-world applications, showing how to integrate intermarket analysis with technical indicators and chart patterns. Murphy’s approach emphasizes practical application, using numerous charts and examples to illustrate relationships across asset classes.

This guide is essential for traders, portfolio managers, and analysts who want to improve timing, confirm signals, and develop a deeper understanding of global market dynamics. In today’s interconnected world, where shocks in one market often ripple across others, Murphy’s framework remains as relevant as ever.

✅ What You’ll Learn:

• Core principles of intermarket analysis and asset class relationships
• How stocks, bonds, commodities, and currencies influence each other
• Using intermarket signals to confirm or anticipate market trends
• Practical charting applications of intermarket relationships
• Strategies to improve timing and reduce risk in multi-asset trading

💡 Key Benefits:

• Provides a big-picture perspective essential in modern global markets
• Helps traders avoid isolated market analysis errors
• Equips investors with tools to anticipate broad economic shifts
• Strengthens technical signals with intermarket confirmation
• Written by one of the most respected voices in technical analysis

👤 Who This Book Is For:

• Traders who want to broaden their market perspective
• Portfolio managers seeking cross-asset analysis for diversification
• Analysts and economists studying global financial interactions
• Intermediate to advanced traders looking to refine strategy with intermarket tools

📚 Table of Contents:

• Part I – Foundations of Intermarket Analysis
• Part II – Relationships Between Stocks, Bonds, Commodities, and Currencies
• Part III – Using Intermarket Relationships with Technical Indicators
• Part IV – Applications for Trading and Portfolio Management
• Part V – Case Studies and Historical Lessons
• Appendices & Index