Forex Dictionary ( E - J )

•  A - D          E - J          K - P          Q - U        V - Z 
  ECB
  European Central Bank which carries out EU is monetary policy.
  
  
• ECB (European Central Bank)
  was established on June 1, 1998. The ECB headquarters are situated in Frankfurt am Main, Germany. The General Council of the European Central Bank includes representatives of all the EU countries. The ECB is independent from other EU authorities.
  
  
• Economic integration
  is the development of stable relations among neighbouring countries into unification of economies. This process is usually accompanied by coordinated interstate economic policy.
  
  
• Economy Watchers Survey
  assesses current economic conditions in a country.
  
  
• Equity
  the secured part of the client account, including open positions, that is bound to the Balance and the Floating rate (profit/loss) by the following formula: Balance + Floating + Swap, i.e. the funds on the client account minus the current loss of the open positions, plus the current profit of the open positions
  
  
• ESM
  stands for European Stability Mechanism. It is a joint financial fund of the Eurozone countries replacing the two existing EU funding programmes.
  
  
• ETF (Exchange Traded Fund)
  investment funds much like securities which serve as certificates for share portfolio. ETF may consist of securities of different companies and share funds. On legal basis, ETF is a type of share funds.
  
  
• Euribor
  is a rate European banks use to borrow funds from peers for three months.
  
  
• Export
  means delivering (or shipping) goods or capital abroad.
  
  
• Federal Reserve Bank
  is a regional bank of Federal Reserve System of the USA. A network of 12 Reserve Banks carry out money management of the government.
  
  
• Federal Reserve System
  is the U.S. banking system which fulfils functions of country’s Central Bank.
  
  
• Financial Transaction Tax
  allows regulating financial markets, in particular, the market of derivatives.
  
  
• Fitch Ratings
  is one of the largest rating agencies which provide analytical data of financial markets and estimates companies’ borrowing power.
  
  
• Flat
  is the situation on the currency market characterized by the absence of an uptrend or downtrend; also known as non-trend or sideways movement
  
  
• Force major circumstances
  occurrences which could not be foreseen or prevented. These include: natural disasters; wars; acts of terrorism; government actions, actions of executive and legislative government authority, hacker attacks, and other unlawful acts toward servers
  
  
• Forex (foreign exchange market)
  is a segment of the financial market for interbank currency exchange at non-fixed rates.
  
  
• Forex indicator
  is a software-based analytical tool that can be used to receive and visualize additional information (or information transformed into more understandable format) about the price chart
  
  
• Free margin
  determines the state of an account. Calculated according to the formula: Equity - Margin = Free margin
  
  
• FSSS
  stands for Federal State Statistics Service of Russia.  It is a federal executive institute responsible for official statistical data on social, economic, demographic, and ecological conditions in Russia. In addition, FSSS controls and supervises state statistics in the Russian Federation.
  
  
• Gap
  is a break between prices which may happen as a result of sharp fluctuations on the market or during the weekends (between the closing price of one week and opening price of the other)
  
  
• Gasprom
  is a natural gas supply and distribution company which is the largest in Russia and the entire world. The company possesses the most extensive gas pipeline system.
  
  
• GDP (Gross Domestic Product)
  is a macroeconomic indicator measuring the market value of output produces within a year in all the economic sectors of a country, for consumption, exporting and hoarding, regardless of the producer's nationality.
  
  
• Goldman Sachs (GS)
  is a huge commercial bank, financial conglomerate, established in 1869 by Marcus Goldman and Samuel Sachs in order to perform stock market operations. Currently, the bank’s activity includes investment banking business together with exchange business, as well as management of securities and assets.
  
  
• HDFC Bank Limited
  is the Indian financial services company located in Mumbai and registered in 1994. The fifth largest bank in India by volume of assets, and the second largest by market capitalization. The bank was supported by Housing Development Finance Corporation, which is the main real estate investment company (established in 1977) in India.
  
  
• Hedging
  operation that protects an asset or liability against a fluctuation in the foreign exchange rate