or stock index futures you will definitely need to have at least a free news feed service. Swapping is similar to borrowing one currency and lending another for the same period. Fibonacci retracements - A form of technical analysis which uses the Fibonacci sequence as a basis for calculating support/resistance levels. Volatility Index (VIX) - An index measuring the implied volatility in the S P 500 index, it is viewed as a leading forecasting tool for market behaviour.
European Central Bank (ECB) - The central bank created to manage monetary policy for the Eurozone. . TRL - The Turkish Lira. Talf (Term Asset-Backed Securities Loan Facility) - A programme created by the US Fed to spur consumer credit lending. Month End - Fixings related to the adjustments that international portfolio managers need to make to their currency hedges based upon the performance other asset classes they hold positions. G20 - A group comprised of the finance ministers and central bank governors of systemically important industrialised and developing economies to discuss key issues in the global economy. SEK - Shorthand for the Swedish Krona, the national currency of Sweden. At this price point, it is better paying a little more and getting a more professional service. In practise the Fed sells short term duration securities and buys long term maturities in order to lower the interest rate on the 10-year note in particular which is the benchmark for other rates such as mortgages. Broker - An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Yard - A common term for milliard, which denotes one thousand million. No price is better to pay than free. Access daily video calendar summaries 24 hour coverage of the global FX markets.