Exchange Dictionary

mr.traderSeptember 25, 2021

0 315

Pending Buy Stop order

What is a pending Buy Stop order? A Buy Stop order is a type of pending order, which is a position to buy, opened by the broker when the price rises to the level specified by the trader. How does Buy Stop order work? A Buy Stop order is placed if a trader believes that the price will rise to a certain level, usually a resistance level, after which it will continue to rise. In this case the purchase will always be made at a price higher than the current market price. For example, on a daily chart of the AUD/USD currency pair, we observe a Double Bottom trend reversal pattern. We expect that soon the price will reach the resistance level at 0.7270, will break through it and the pair will start to form an uptrend.

mr.traderSeptember 13, 2021

1 690

A test of knowledge of the world's central banks

Here are 5 questions, the answers to which will show your knowledge of how Central Banks work in the world. Central bank decisions always have a strong effect on national currency rates, so this knowledge will be very useful if you plan to trade profitably. At the end of the test, there are the answers. If you have noticed your mistake, do not hesitate to follow this link and close your knowledge gap. 1. The largest foreign exchange reserves in the world are... a) U.S. Federal Reserve System; b) European Central Bank; c) People's Bank of China; d) International Monetary Fund. 2. The slang name "The Old Lady" is... a) The Reserve Bank of Australia; b) The Swiss National Bank; c) The Bank of...

mr.traderAugust 19, 2021

0 699

National Bank of Ukraine (NBU)

National Bank of Ukraine (NBU, Ukr. National Bank of Ukraine) is the central bank of the country. NBU is a legal entity, state-owned and has a registered capital of 10 million hryvnia. The main function of the NBU is to maintain the stability of the national currency - the Ukrainian hryvnia, as well as price stability and banking system, within the allotted powers. History of the National Bank of Ukraine The starting point for the establishment of the NBU was the law "On Banks and Banking Activity" adopted by the Verkhovna Rada of Ukraine on March 20, 1991. The basis of the NBU was its predecessor - the Ukrainian Republican Bank of the State Bank of the USSR. In the nineties of the last century Ukraine faced a complete inadequacy of the financial system to the market conditions, as well as monstrous inflation, which...

mr.traderAugust 8, 2021

0 681

People's Bank of China (PBOC)

The People's Bank of China (NBK, Bank of China) (Chinese tr. 中國人民銀行, 中中国人民银行, Pinyin: Zhōngguó Rénmín Yínháng, Pall: Zhongguo Rénmín Yínháng) is the central bank of the PRC. The Bank of China reportedly has the largest foreign exchange reserves in the world, exceeding 3.2 trillion U.S. dollars. History of the People's Bank of China The People's Bank of China was the result of the merger and nationalization of three major commercial banks in 1947: Huabei Bank, Beihai Bank and Xibei Agricultural Bank. Because of the civil war, the headquarters of the NBK was located in Shijiazhuang and was not moved to Beijing until 1949. From 1949 to 1978, the Bank of China was the only bank in the country. To the sphere...

mr.traderJune 7, 2021

0 244

Economic sanctions

Economic sanctions - economic measures of a restrictive nature, which are applied by a state or a group of states to another country. Sanctions may take the form of a complete or partial ban on exports and imports of products, as well as the introduction of restrictions on financial transactions, including cross-border payments and investments. Currently, a number of multilateral mechanisms for imposing sanctions by the international community against individual states, the basis for which are decisions of the United Nations, have been developed. The purpose of economic sanctions is to force a state government to change its policies. This can have different levels of significance: from changing decisions on individual agreements, to radical changes in the state structure. It can also include accession to a certain international treaty,...

mr.traderMay 16, 2021

0 263

Repurchase agreement rate (repo rate)

Repurchase agreement rate (repo rate) - interest rate, which is used when carrying out repo transactions. Repo operations mean operations with securities with the obligatory obligation of the seller to repurchase the security from the buyer after a certain period of time and at a certain price. Actually, a repo transaction is a short-term loan against securities, although it is formalized as a purchase and sale transaction. It is expressed as a percentage per annum. High repo rates have a negative effect on consumer credit growth and a positive effect on savings growth, which in turn leads to slower economic growth. As a rule, an increase in repo rates causes an inflow of capital into...

mr.traderMay 10, 2021

0 768

Swiss National Bank (SNB)

The Swiss National Bank (SNB) began its work by opening representative offices in the five cities of Basel, Bern, Geneva, St. Gallen and Zurich. In 1903 the government's national advisor, Scherrer-Fuller, proposed a bill to establish a central bank of its own in Switzerland. A federal law on the National Bank was passed on October 6, 1905, and took effect on January 16, 1906. June 20, 1907. It is now also active in Lausanne, Lugano and Lucerne. According to the Swiss Federal Banking Act, the Swiss central bank is a joint-stock company with a special constitution and its functions are regulated by special...

mr.traderApril 18, 2021

0 738

Bank of Canada (BoC)

The Bank of Canada is probably the only central bank in the world whose monetary policy is as open and understandable to all market participants as possible, and has a number of other features that make it fundamentally different from its global "counterparts". History of the Bank of Canada The Bank of Canada was founded in 1934 as a private corporation, but within four years it became a Crown corporation and was transferred to the government. Unlike other government agencies, the governor of the bank and a senior manager are directly appointed by the bank. Although the Bank of Canada is run through the government, it is ultimately owned by the people. Because of the advanced economic relationship between Canada...

mr.traderJune 2, 2020

0 3,021

London Metal Exchange (LME)

Что такое Лондонская биржа металлов? Лондонская биржа металлов (LME, London Metal Exchange) – одна из самых влиятельных международных бирж товаров, фьючерсных и опционных сделок. Специализация биржи – цветные металлы: медь, первичный алюминий, свинец, цинк, никель, олово, алюминиевый сплав. Кроме того, на бирже торгуется индексный контракт LMEX, в состав которого входят некоторые из перечисленных металлов. Все сделки гарантируются Лондонской клиринговой палатой (London Clearing House). Годовой оборот средств на LME достигает 4500 млрд. долларов. Лондонская биржа металлов была основана в 1877 году с целью обеспечить рынок значительными поставками металлов из-за рубежа. На сегодняшний день официальные цены LME используются при заключении долгосрочных контрактов…