2020 United States presidential election

The 2020 United States presidential election is scheduled for Tuesday, November 3, 2020. It will be the 59th quadrennial presidential election. Former Vice President Joseph R. Biden Jr. is the presumptive Democratic nominee to challenge President Trump in the 2020 race.

ECB

The European Central Bank (ECB) is the central bank responsible for monetary policy of those European Union (EU) member countries which have adopted the euro currency.

ECN Broker

An ECN broker is a forex financial expert that uses Electronic Communications Networks (ECNs) to give clients direct access to other participants in currency markets. ECN brokers are non-dealing desk brokers, meaning that they do not pass on order flow to market makers. Instead, they pass the orders to liquidity providers. ECN brokers generally offer their clients tighter spreads which is favorable for professional forex traders. A disadvantage of ECN is the price to pay for using it. Typically, the fees and commissions for using an ECN account are higher as compared to non-ECN systems. ECN brokers often charge a fixed commission per lot as a fee which could be around $10 for 1 standard lot ($100,000).

EUR/USD

The currency pair EUR/USD is the shortened term for euros against U.S. dollars. The pair indicates how many U.S. dollars (the quote currency) are needed to purchase one euro (the base currency).

Event Risk

An event risk is the possibility that an unforeseen event (e.g. political event or decision, election result, interest rate decision) will negatively or positively affect a security or currency.