Fibonacci arcs are created by first drawing an invisible trendline between two points (usually the high and low in a given period), and then by drawing three curves that intersect this trendline at the key Fibonacci levels of 38.2%, 50% and 61.8%. Transaction decisions are made when the price of the asset crosses through these [...]
Fiat money refers to currencies that have minimal or no intrinsic value themselves (not backed by commodities like gold or silver) but are defined as legal tender by the government, such as banknotes and coins.
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is responsible for open market operations. The Federal Reserve controls the three tools of monetary policy, Open market operations, The discount rate and Reserve requirements.