Forex Glossary - F -

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FOMC: Federal Open Market Committee is the regulatory agency that overlooks the setting of interest rates and credit policies of the Federal Reserve Bank.

FRB: Federal Reserve Bank is the central bank of the Unites States Of America and is responsible for the implementation of the country’s monetary policy and regulation of the banks.

Fill: Completing a transaction of either buying or selling a currency pair

Finex: Currency market part of the New York Cotton Exchange

Fiscal Policy: Taxation and spending policies implemented by the government

Floating Exchange rate: Rate that reflects the supply and demand of a currency

Foreign Exchange Market: They are markets where currency are traded internationally

Forward: A deal where settlement is made at a future date agreed upon.

Forward Outright: A deal that is set to mature on any day past the spot value date.

Forward Points: Is the difference between the forward and spot rate

FX: Short for Foreign Exchange