116 eur gbp forex news

You can find out more here. Data on this website may be provided from OTC market sources and market makers, and not necessarily 116 eur gbp forex news exchanges. The provided price data is indicative and may not be appropriate for trading or decision making purposes.

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Forex traders have their own vocabulary. To help you speak the language, here are the most commonly used terms, acronyms, and abbreviations. Bookmark this page for future reference! Asian Central Banks – Refers to the central banks or monetary authorities of Asian countries. These institutions have been increasingly active in major currencies as they manage growing pools of foreign currency reserves arising from trade surpluses. Their market interest can be substantial and influence currency direction in the short-term. Barrier Level – A certain price of great importance included in the structure of a Barrier Option that calls for series of events to occur if achieved.

In a no-touch barrier, a large defined payout is awarded to the buyer of the option by the seller if the strike price is not ‘touched’ before expiry. For example “We are bearish EURUSD”. This means we think the Euro will weaken against the dollar. Bernanke – US Federal Reserve Chairman Ben Bernanke. Bid – The price at which a buyer will pay. A bid is left side of a 2- way price, or opposite the “Offer”.

On-line traders can sell at the bid price. A ‘bid’ market refers to an overall buying bias, or an accumulation of bids. If the price moves by 1. 5 big figures, it has moved 150 pips. BIS – Bank for International Settlements located in Basel, Switzerland is the central bank for central banks.

The BIS frequently acts as the market intermediary between national central banks and the market. The BIS has become increasingly active as central banks have increased their currency reserve management. When the BIS is reported to be buying or selling at a level, it is usually for a central bank and thus the amounts can be large. Blow off – The upside equivalent of capitulation. When shorts throw in the towel and cover any remaining short positions. BOC – Bank of Canada, the central bank of Canada.

BOE – Bank of England, the central bank of the UK. 100 of a percent, or 0. If the Fed hiked rates 25 bps, they increased the overnight lending rate 0. Buck- Market slang for 1 million units of a dollar based currency pair or for the US dollar in general. Bullish – Favoring a strengthening market and higher prices.