E
EASING
A decline in interest rates initiated by the central bank.
ECONOMIC CALENDAR
A calendar used by Forex traders to track the release, forecast and results of potentially market moving economic indicators.
ECONOMIC RELEASE CALENDAR
A calendar used by traders for the purpose of tracking the occurrence of market-moving events. Investors will research the date and time of a specific event and pay close attention to the announcement because of the high probability that it will affect the direction of the market.
ECU
European Currency Unit.
EITHER WAY MARKET
In the Euro Interbank deposit market where both bid and offer rates for a particular period are the same.
EURO
The exchange currency of the European Union.
EURO RATES
The interest rates quoted for Euro-currencies over specific periods.
EUROCURRENCY
A currency deposited outside its country of origin.
EURODOLLARS
US dollars deposited in a bank (US or non US) located outside the USA.
EUROPEAN CENTRAL BANK (ECB)
The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed in Germany in June 1998 and works with the other national banks of each of the EU members to formulate monetary policy that helps maintain price stability in the European Union.
EUROPEAN UNION
The group formerly known as the European Community.
EXCESS MARGIN DEPOSITS
Money deposited with FXDD that is not used for margin against an existing open position.
EXCHANGE
A physical location where instruments are traded and often regulated. Examples: the New York Stock Exchange, the Chicago Board of Trade.
EXCHANGE CONTROL
A system of controlling inflows and out flows of foreign exchange, devices include licensing multiple currencies, quotas, auctions, limits, levies and surcharges.
EXISTING HOME SALES
An economic indicator of both the number and prices of existing single-family homes, condos and co-op sales over a one-month period. The existing home sales report is released monthly by the U.S. National Association of Realtors. It is a lagging indicator as it tends to react after a change in mortgage rates.
EXOTIC
A less broadly traded currency.