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Forex glossary - E

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Economic Indicator - it is a statistic measure issued by government that indicates current economic growth and stability.

Elliot Wave Theory - Ralph Elliot’s theory, who contended that the stock market tends to move in and predictable patterns reflecting the basic harmony of nature; also this theory is used in technical analysis to define charting method based on the belief that all prices act as wavers, rising and falling rhythmically.

EURO - now it is the currency of the European Monetary Union (EMU) instead of the European Currency Unit (ECU).

European Central Bank (ECB) - The Central Bank of the European Monetary Union.

Exchange Rate - it is the price of one currency evaluated in units of another currency.

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The following terms will appear in the glossary soon:

• Efficient Market
• Electronic Order
• Electronic Trading System
• Enjoin
• Equilibrium Price
• Equity
• Escrow Account
• Estoppel
• Eurocurrency
• Eurodollars
• European Currency Unit
• European Monetary Union (EMU)
• European Terms
• Even Lot
• Ex Parte
• Ex Pit Transaction
• Exchange
• Exchange for Physicals
• Exchange of Futures for Cash
• Exchange Risk Factor
• Exempt Foreign Firm
• Exercise
• Exercise Price
• Expanded Traded Hours
• Expiration Date
• Extrinsic Value