Category Archives: Forex Glossary

The most popular currency pair where Euro, is the base currency traded against the US dollar- the quoted currency.

Like in any other security, investors look at credit ratings to determine a debt issuer’s ability to repay a loan. In forex trading, credit ratings are mostly referred to sovereign debt, or bonds, issued by governments to finance public projects and services. We usually see credit ratings expressed in letters like AAA, BB+, or D.

Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intracandle low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.

The European Central Bank (ECB) is the central bank for Europe’s single currency, the euro. Its main task is to maintain price stability and so preserve the purchasing power of the single currency for the nineteen countries who use the euro common currency.