A currency board is a central issuer of notes and coins for a given country’s currency. Because domestic currency is pegged to a foreign currency, the currency board is responsible for maintaining sufficient reserves of the anchor currency to cover the amount of domestic currency in circulation. These reserves usually consist of bonds and securities in sufficient quantity to cover the currency in circulation, with a forex-definition additional amount as a security margin. Some currency boards are paired with a central bank, which serves as the lender of last resort for commercial banks, guaranteeing their deposits and setting monetary policy by releasing varying amounts of currency to circulate through the system.

Hong Kong Monetary Authority oversees the arrangement, which uses the U. Other countries utilizing a currency board arrangement include Bulgaria, Estonia, and Lithuania. 24 hours a day from anywhere in the world. Send this article to a friend. Enter multiple addresses on separate lines or separate them with commas. Bond basics are the introductory concepts to the bond market. Want to earn in the Market?

Loss and the total result of 500 candle trades. Sell alerts, push alerts, email alerts, and visual on-screen alerts. The Hull Moving Average is an improved variant of the moving average, which shows the moment of trend reversal quite accurately. It is often used as a signal filter. Set R1, R2, R3 and S1, S2, S3 to true to show pivots supports and resistances levels.

About us Analytical Trader team is composed by a VSA trader who trades in forex, stocks and commodities since 2008 with success. He’s also a graduate in Physics currently taking a Msc. 5 looks different than MACD does in most other charting software. 5 version of MACD displays the MACD line as a histogram when it is traditionally displayed as a line. 5 version computes the Signal line using an SMA, while according to MACD definition it is supposed to be an EMA. Every good forex system has the following basic components: Ability to recognize the trend direction.

Ability to identify the strength of the trend and answer the basic question Is the market trending or is it in a range? This information indicator allows you to always be aware of the current account status. The indicator shows various data, including profit in points, percentage and currency, as well as a current symbol spread and time before a bar is closed on the current timeframe. The indicator displays the probable support and resistance levels.