Cable

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The term cable is a slang term used by forex traders to refer to the exchange rate between the British pound and U.S. dollar (GBP/USD currency pair rate).

Candlestick

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A candlestick is a way of displaying information about a currency’s price movement. Candlestick charts are one of the most popular components of technical analysis.

Chart

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A chart is a graph of data points, where each point represents the currency’s or security’s price action for a specific time frame (i.e. daily chart). Commonly, the data points are depicted by candlestick, bar, or line charts.

Christine Lagarde

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Christine Madeleine Odette Lagarde is a French politician and lawyer serving as President of the European Central Bank since November 2019.

Corona virus pandemic

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The COVID‑19 pandemic, also known as the coronavirus pandemic, is an ongoing pandemic of coronavirus disease 2019 (COVID‑19) caused by severe acute respiratory syndrome coronavirus 2 (SARS‑CoV‑2).

Currency Trading

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The currency market is the largest investment market in the world and allow 24/7 trading in currency pairs. Currencies are traded against one another as pairs (e.g. EUR/USD) and each pair is typically quoted in pips (percentage in points) out to five decimal places. Traders who stay with pairs based on the U.S. dollar (USD) will find the most volume in the U.S. trading session. Some currencies move as much as 100 pips or more in a single trading session, making the currency trading extremely profitable. Most online brokers offer very high leverage to individual traders who can control a large trade with a small account balance.