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The allotting of premiums and bonuses on forward exchange transactions that are directly related to deposit swap orders, over the session of every deal.
This is an authorized activity usually warranted by an alteration in the internal economic procedure to fix a payment imbalance or in the sanctioned forex rate,
Investors and or price are behaving with conviction.
A financial expert who is experienced in assessing investments and lays down buy, sell, close and hold advice for clients.
A financial instrument is said to appreciate when it steps up in price in view of the prevailing demand in the market.
The concurrent buying or selling of a financial asset in a view to make profit of marginal price differentials between.
Asian central banks
This is the apex banks in Asia or the region’s monetary bodies. They have continued to enhance their activities in the major currencies and as such aided in their rapid control of the pools of forex reserves emanating from trade excesses.
23:00 – 08:00 (Tokyo).
Ask (offer) price
The charge at which an asset will sell in the market and can be quoted in two-ways, namely: Bid/Ask. The Offer can also be used in place of the Ask price.
In the forex market, the Ask depicts the price an investor is willing to buy the base currency, which is place on the left in a forex pair. If we have a quote EUR/USD 1.3066/68, the base currency here is the Euro, and the Ask price is 1.3068, which implies that one can buy one Euro for 1.3068 United States dollars.
The AUS 200 is what investors call the index of the top 200 firms by market Cap on the Australian Stock Exchange.
This is the order passed on to a dealer to buy or sell at the most suitable rate that can be gotten.
A term used to describe the AUD/USD pair, it can also be referred to as the ‘Oz’ or ‘Ozzie’.
Balance of trade
This is the value of a country’s imports taken away from exports.
This is a chart type that is made up of four important points: the high and low prices, which constitutes the vertical bar, the opening and closing price, which form a little horizontal line to the left and a little horizontal line to the right of the bar respectively.
The Base currency is the first currency in a forex pair. It depicts how much the base currency is worth when compared to the second currency in the pair. For instance, the EUR/USD rate is 1.3066, this suggest that one Euro is equal 1.3066 USD.
A given country’s lending rate as prescribed by its apex bank.
A procedure employed in technical analysis, that involves displaying a chart pattern that shows a period when demand and supply of a product are almost the same. This pattern is characterized by a narrow trading range and the fusing of the levels of support and resistance.
Measurement unit employed in defining the minimum alteration in the price of an asset.
Bearish / Bear market
This is indicative of a negative price action. For instance, if we go bearish on the EUR/USD pair, this is a bet on Euro weakness as compared to the US dollar.
Bears are investors who anticipate declining prices and may also be taking sell orders in the market.
The price the market finds suitable when buying a product.
The difference between the Bid and Ask prices.
These are the first three digits of a forex quote, such as the 1.30 in the EUR/USD. If we say price has moved by 1.2 big figures, it actually means price has moved 120 pips.
This is an acronym for the Bank for International Settlement situated in Basel, Switzerland, and it is the apex bank for apex banks. The Bank for International Settlement usually acts as a middleman in the market, connecting the apex banks and the market. The BIS has gained more prominence in the market as apex banks have increased their currency reserve management.
These are words used in defining systemic, model-based or technical traders..
An acronym for the Bank of Canada, the apex bank in Canada.
The apex bank of the UK, i.e. Bank of England.
Bank of Japan, Japan’s apex bank.
This is what traders call debt that is issued over a specified period of time.
In the financial world, a ‘book’ is a complete overview of an investor’s or desk’s entire positions.
British Retail Consortium (BRC) shop price index
A fundamental tool that measures British inflation rate based on varying surveyed retailers. The index singles out price changes in the number of goods purchased from retail outlets.
A person or firm that plays middleman, with the sole responsibility of bringing buyers and sellers together for a commission. In comparison, a ‘dealer’ invests cash and takes one side of a position, hoping to make cash off spread by exiting the position in an ensuing trade with another body.
Slang in the market that connotes a million units of US dollar.
Bullish / Bull market
This is a rising market that’s characterized by rising prices. For instance, a bullish EUR/USD signifies a strengthening Euro against the US dollar.
These are investors who anticipate rising prices and may also hold long positions.
German’s apex bank.
Holding a long position on an asset.
This is when a trader holds a buy position of 20 – 30 pip pullbacks in the direction of an intra-day trend.
Contract (Unit or Lot)
Cost of Carry
Defend a level
Divergence of MAs
DJIA or Dow
End of day order (EOD)
European Monetary Union (EMU)
Eurozone labor cost index
Expiry date / price
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve (Fed)
Fixed Exchange Rate
Flat (or Square)
Floating Rate Interest
Foreign Exchange (or Forex or FX)