What is New Development Bank in Forex Trading?
The New Development Bank is previously mentioned as the BRICS Development Bank by the BRICS states, Brazil, Russia, India, China and South Africa. It is a multilateral development bank that supports private and public projects through loans, financial instruments, equity participation and guarantees. Additionally, the New Development Bank shall collaborate with financial entities and international […]
What is Netherlands Antilles Guilder in Forex Trading?
Netherlands Antilles guilder is officially announced national currency of Sint Maarten and Curacao which until 2010 formed the Netherlands Antilles along with Saba, Sint Eustatius and Bonaire. The currency is subdivided into 100 cents. The money is administrated by the Central Bank of Curacao and Sint Maarten. On 1st January 2011, the guilder was replaced […]
What is Net Position in Forex Trading?
In finance, a position refers to the volume of a specific commodity, currency or security owned or held by an entity or a person. In financial trading, it is a future convention does not replicate possession but reasonably a binding assurance to sell or buy a specific number of financial instruments such as currencies, commodities […]
What is Net Change in Employment – Canada in Forex Trading?
It is an economic indicator for Canada which measures the figure of people employed. The Net Change in Employment is an essential indicator of Canadian consumer spending. A record decline in Canadian employment was seen in April 2020. The economy shed 1.99 million jobs after a 1 million loss in March 2020. The overall total […]
What is Nepalese Rupee in Forex Trading?
It is an officially announced national currency of the Federal Democratic Republic of Nepal with currency code NPR and symbol Rs. It is subdivided into 100 paisa. The issuance of Nepalese rupee is administrated by the central bank of Nepal, the Nepal Rastra Bank. Nepalese rupee was announced in 1932 by replacing the Nepalese mohar […]
What is NEO (Cryptocurrency) in Forex Trading?
It is an open-source, decentralized blockchain-based platform that was founded as AntShares by Erik Zhan and Da Hongfei in 2014. Its vision is to support the development of smart contracts and digital assets by utilizing the blockchain technology. NEO (Cryptocurrency) goals to systematize the running of digital assets through the usage of smart contracts with […]