1.
Par
The official value of a currency.
2.
Par Spread
The term used to describe the situation where the bid and ask prices for a forward spread rate are identical.
3.
Paris
Nickname for the US Dollar-French Franc currency pair before the French Franc was converted to the Euro.
4.
Parity
See Purchasing Power Parity.
5.
Partial Lot
Some brokerages allow trading in partial lots, which are fractions [...]
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1.
OCO
See also: One Cancels the Other Order
2.
Odd Lot
A non-standard transaction size. In forex, a standard lot is usually 100,000 units of a particular currency.
3.
Off-Shore
A business entity that may or may not be physically located in a country, but whose operations and regulation fall outside the country, primarily because it is incorporated elsewhere.
4.
Offer
Also known as the [...]
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1.
Naked Put
A put sold by someone who is not short the underlying asset.
2.
Narrow Market
Also known as a thin market, where there is light trading.
3.
NAV
Net Asset Value. The total value of an asset less liabilities. In the case of a trading account, the NAV is the balance of deposits, realized and unrealized profit/loss, and interest, minus [...]
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1.
M1
Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.
2.
M2
Money supply component which consists of M1 plus all of the money held in money market funds, savings accounts, and small Certificates of Deposits.
3.
M3
Money supply component which consists [...]
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A long term perspective may be taken with an existing channel line and an opportunity for entering the market may exist for the EUR/USD pair.
The original trend line (1) has been drawn, connecting with yesterday’s closing price of 1.4732. A parallel channel line (2) has been drawn from the prominent peak of 1.3630. Notice the [...]
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The GBP/USD cross has experienced a bullish trend for the past day. However, it seems that this trend may be coming to an end, as described below. Forex traders can take advantage of this imminent downward movement by entering short positions at an excellent entry price.
• The technical indictors used are the Slow Stochastic, Relative Strength [...]
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After stretching the Fibonacci Retracement lines, it becomes very clear that the pair is testing a very significant support level at the moment. If the pair will breach this level, the next support level looks to be located at 7.60.
• The chart below is the USD/ZAR chart by ForexYard.
• The technical indicators used are the Bollinger [...]
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In yesterday’s trading, the USD/NOK cross experienced much bearishness, as it now stands at 5.6840. However, it seems that this trend may be coming to an end. I will illustrate below that the USD/NOK may very well be heading for a reversal. Forex traders have the opportunity to wait for the upward breach on the [...]
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The USD lost some ground against major counterparts Wednesday after the Federal Reserve left Interest Rates unchanged and made only slight changes to its monetary statement. The greenback slid 0.9% to $1.4860 per EUR from $1.4724 yesterday.
It touched $1.4902, the weakest level since Oct. 27. The U.S dollar suffered a broad-based decline, trading lower against [...]
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The U.S. Unemployment Claims Report will set the pace of the USD today. Despite the Dollar diving against the GBP so far today, in the coming hours there is some mouthwatering data that is set to be released from the U.S. Britain kept her rates unchanged earlier today, as the Bank of England (BoE) revealed [...]
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