Inproceedings,

Forex-foreteller: Currency Trend Modeling Using News Articles

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Proceedings of the 19th ACM SIGKDD International Conference on Knowledge Discovery and Data Mining, page 1470--1473. New York, NY, USA, ACM, (2013)
DOI: 10.1145/2487575.2487710

Abstract

Financial markets are quite sensitive to unanticipated news and events. Identifying the effect of news on the market is a challenging task. In this demo, we present Forex-foreteller (FF) which mines news articles and makes forecasts about the movement of foreign currency markets. The system us- es a combination of language models, topic clustering, and sentiment analysis to identify relevant news articles. These articles along with the historical stock index and curren- cy exchange values are used in a linear regression model to make forecasts. The system has an interactive visualizer de- signed specifically for touch-sensitive devices which depicts forecasts along with the chronological news events and fi- nancial data used for making the forecasts.

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