Question: We discussed three techniques for speculating on exchange rates: economic analysis, monitoring of order flows, and technical analysis. Assume a key part of the efficient

We discussed three techniques for speculating on exchange rates: economic analysis, monitoring of order flows, and technical analysis. Assume a key part of the efficient markets hypothesis (EMH): It is impossible to predict exchange-rate movements based on any publicly available information. Under this assumption, could any of the three techniques succeed? Explain.

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