What is Pandemic Emergency Purchase Programme (PEPP)?
The Pandemic Emergency Purchase Programme (PEPP) is a short-term asset purchase program of public and private sector securities. In response to the current crisis of COVID-19, the European Central Bank (ECB) has flung a €750 billion Pandemic Emergency Purchase Programme. Almost all groups of assets are eligible under the new purchase programme and also eligible […]
What is Panama Balboa in Forex Trading?
Along with United State dollar, the Panama balboa is one of the official currencies of Panama with currency code PAB and symbol B/. It is subdivided into 100 centésimos. The money is named in honour of Spanish explorer/conquistador Vasco Núñez de Balboa. The Panama Balboa was introduced as an official currency in 1904 by replacing […]
What is Pakistani Rupee in Forex Trading?
The Pakistani rupee is an official currency of Islamic Republic of Pakistan since 1948 with currency code PKR and symbol Rs. The money is managed and controlled by the central bank named the State Bank of Pakistan. Before independence, the notes and coins were issued and regulated by the British Indian central bank called the […]
What is Over-The-Counter (OTC) in Forex Trading?
Over-The-Counter (OTC) refers to a trade of securities that are not made on a formal exchange such as the New York Stock Exchange. The OTC trades are handled via a broker-dealer network that is contrasting to on an integrated business. Usually, securities that cannot meet the listing requirements of the stock market exchange are traded […]
What is Overnight Position in Forex Trading?
The overnight position is a trading position that stays open until the next trading day. Trading positions are not closed by the trader at the end of the trading day, which is common in futures markets and foreign exchange markets. To maintain overnight position, usually, forex traders generally take risk, leverage changes, strategy and cost […]
What is Outright Forward in Forex Trading?
It is a foreign exchange currency contract that locks in the interchange rate and delivery date elsewhere the spot value date. It is the modest kind of outright forward contract that protect an importer, investor and exporter from exchange rate variation. The currency forward contract defines the rate, terms and delivery date of the interchange […]