An international organization fostering the cooperation of central banks and international monetary policy makers. Established in 1930, it is the oldest international financial organization, and was created to administer the transaction of monies according to the Treaty of Versailles. Among others, its main goals are to promote information sharing and to be a key center for economic research. |||Essentially, the BIS is a central bank for central banks; it does not provide financial services to individuals or corporations. The BIS is located in basel, Switzerland, and has representative offices in Mexico City and Hong Kong. Member banks include the Bank of Canada, the Federal Reserve Bank and the European Central Bank.
A record of all transactions made between one particular country and all other countries during a specified period of time. BOP compares the dollar difference of the amount of exports and imports, including all financial exports and imports. A negative balance of payments means that more money is flowing out of the country than coming in, and vice versa. |||Balance of payments may be used as an indicator of economic and political stability. For example, if a country has a consistently positive BOP, this could mean that there is significant foreign investment within that country. It may also mean that the country does not export much of its currency. This is just another economic indicator of a country's relative value and, along with all other indicators, should be used with caution. The BOP includes the trade balance, foreign investments and investments by foreigners.
The currency abbreviation for the Aruban florin (AWG), the currency for Aruba. The Aruban florin is made up of 100 cents and is often presented with the symbol ƒ, Afl, or Af. The Aruban florin is also called the Aruban guilder, derived from the currency's predecessor, the Netherlands Antillean guilder. |||The Aruban florin was first seen in January of 1986, when it replaced the Netherlands Antillean guilder at 1:1. Since its introduction, Aruba has kept the florin pegged to the U.S. dollar at 1.79 florin to 1 U.S. dollar.
A method of executing trades without inputting them manually. In forex trading, Investors are able to trade at any time during the day or night through an automatic forex trading system. Automatic executions enable traders to execute trades based on certain technical indicators. Forex signal providers transmit and receive signals that allow for this type of trading. |||Basically, this is a trade executed without the help of a dealer. These types of trade are done very quickly and in real time because they are automated. The lagging and slow system of manual executions don’t allow traders to continually input transactions in rapid fire form like an automatic execution allows. Stop and/or limit orders can also be enabled through this form of trading. Forex traders should be careful using automated trading however, as trades will be processed even if fundamental conditions have changed.
A method of trading foreign currencies with a computer program that is based on a set of analyses that helps determine whether to buy or sell a currency pair at any one time. Automated forex trading uses a computer program that the trader "teaches" to make decisions based on a set of signals derived from technical analysis charting tools. The signals create a buy or sell decision when they point in the same direction. |||In an automated forex trading system, the trader must teach the software what signals to look for and how to interpret them. It is thought that automated trading takes human psychology out of trading. Automated day trading systems and signals are available to purchase over the internet. However, it is important to note that there is no such thing as the "holy grail" of trading systems. If the system was a perfect money maker, the seller would not want to share it. This is why big financial firms keep their "black box" trading programs under lock and key.
The currency abbreviation or currency symbol for the Barbados dollar (BBD). The Barbados dollar is made up of 100 cents, and is often presented with the dollar sign as Bds$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. dollar (USD).Also known as the "Barbadian dollar". |||In 1882, the first dollar-based currency was issued in Barbados in the form of private bank notes. These notes were used along with British pounds as the nation's currencies. In 1935, the British West Indies dollar was issued at par with the Barbados dollars issued by private banks. Barbados dollars also began to be issued by the government between 1938 and 1949. The East Caribbean dollar replace the British West Indies dollar in 1965.The current Barbadian dollar was created in 1972 after the establishment of the Central Bank of Barbados. BBD replaced the East Caribbean dollar at par, and since 1975 it has been pegged with the U.S. dollar (USD) at a rate of 2 BBD to 1 USD.
The number of mortgage or home loans collectively approved by members of the British Bankers Association (BBA). This figure is published monthly by the BBA, and is considered to be an important leading indicator about the state of the housing market in the United Kingdom. |||A rising number of mortgage approvals would usually indicate a growing or healthy housing market, while a decline in the number of mortgage approvals would imply that the housing market is sluggish. The BBA is the main trade association for the U.K. banking and financial services sector.
A forex trading strategy that involves the sale of the U.S. dollar against a group of currencies, rather than against a single currency. The currency group involved in such a trading strategy is called a "basket." |||This strategy would typically be employed by traders who are bearish on the U.S. dollar, and would prefer to have a short trading position on it. The basic rationale for using a basket to short the U.S. dollar is risk mitigation through diversification. In the event that the U.S. dollar strengthens appreciably, given that it may appreciate at differing rates against various currencies, the loss on a short position may be significantly lower if multiple currencies are involved in it, as opposed to a short position using a single currency.