Forex Weekly Plan 29th August- September 2

Forexpros – The U.S. dollar ended the week lower against almost all of its major counterparts on Friday, after comments by Federal Reserve Chairman Ben Bernanke spurred demand for higher yielding assets.

In a speech at the central bank’s annual retreat in Jackson Hole, Wyoming, Bernanke said the Fed remained prepared to implement fresh measures to stimulate the faltering U.S. economy, but stopped short of outlining when and if this may happen.

Bernanke said that the bank’s September policy-setting meeting would run for two days instead of one, in order to “allow a fuller discussion” of the economic outlook.

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Forex Glossary

Here is the full list of Forex Glossary Check it out;

Account History

Listing of all transactions (trading and non-trading) completed for a given account.

Accounting Currency

Currency in which account deposit/withdrawal operations are denominated. Not to be confused with the currencies ultimately bought or sold with account funds.

Accrual Swap

An interest rate swap under which a counterparty pays a vanilla floating reference rate, usually three or six month LIBOR, and receives LIBOR plus a significant spread. Interest payments to this counterparty will only accrue on days when rates stay within a certain range dictated by preset upper and lower boundaries.

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