What is Parabolic in Forex Trading?
It defines a market action that passages an excessive distance in a brief period, usually moving in a rushing style that looks like one half of a parabola. The parabolic move can either be down or up, but most of the times are up. When market prices are rising at fast increasing speed, they develop […]
What is Papua New Guinea Kina in Forex Trading?
The kina is an official currency of Papua New Guinea with currency code PGK and symbol K. The money is subdivided into 100 toea. Papua New Guinea Kina was introduced as an official currency on 19th May 1975 by replacing the Australian dollar, which was ceased as legal tender on the next day. The first […]
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 […]