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TOKYO (Kyodo)–Prime Minister Naoto Kan said Friday that Japan’s efforts for fiscal reconstruction so far haven’t been sufficient, so he wants to develop a vision for the next two or three years, possibly from the beginning of 2011. “Regarding fiscal consolidation, I don’t think it is anywhere near enough,” Kan said in a group interview [...]
LOS ANGELES (MarketWatch) — With many Asian markets on a shortened holiday week, action is expected to remain quiet as 2010 winds down, with a few data points and central-bank decisions providing the only cues for traders. On Tuesday, Japan will unleash a pack of economic data, including November consumer inflation and the unemployment rate. [...]
SHANGHAI -(Dow Jones)- Chinese Premier Wen Jiabao said the country can keep its inflation at reasonable level and the inflationary growth has slowed down since November, state radio reported Sunday. Wen also said he’s confident to curb China’s property prices to reasonable levels and the country will build more houses for low-income earners, according to [...]
A person who attempts to predict prices by analyzing past price movements as recorded on a chart.
A bank, administered by a national government, which regulates the behavior of financial institutions within its borders and carries out monetary policy.
The income or cost associated with keeping a foreign exchange position overnight. This is derived when the currency pairs in the position have different interest rates for the same period of time.
A chart that displays the daily trading price range (open, high, low and close). A form of Japanese charting that has become popular in the West. A narrow line (shadow) shows the day’s price range. A wider body marks the area between the open and the close. If the close is above the open, the [...]
A limit order that is placed above the market with a long position or below the market with a short position. When the market reaches the limit price, the position is closed thereby locking in a profit. Source forexglossary
Forex ECNs broker provide access to an electronic trading network, supplied with streaming quotes from the top tier banks in the world. By trading through an ECN broker, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace. Source forexglossary