In the world of Forex and Currency buying and selling there are lots of phrases and buzz phrases related to the business. This is so prolific that even lots of the Currency pairs themselves even have nicknames.
Some merchants (and non-traders) know a number of the hottest nicknames as they’re fairly apparent nonetheless lots of them are extra obscure. Some of the preferred ones, together with our favourite, are listed beneath:
• AUDUSD – Not solely the individuals from Australia are referred to as Aussies the Currency (and particularly the US Dollar vs the Australian Dollar Currency pair) additionally carries the identical jovial identify
• EURGBP – The Chunnel (the Channel tunnel) transport hyperlink between the UK and France (Europe) is affectionately used for the Euro/Sterling (EURGBP) Currency pair
• EURJPY – Nothing apparent right here for the Euro Yen Currency pair aside from Euppy sounds prefer it appears
• EURUSD – Two causes on supply right here, EURUSD (the Euro US Dollar Currency pair) is named Fiber for a similar purpose as GBPUSD is named Cable however extra standard (and the one we desire) is the truth that the foreign money shouldn’t be truly comprised of paper however from fibre
• GBPUSD – Probably the commonest and nicely know of all of the Currency Nicknames is Cable, so named due to the cable working beneath the Atlantic which is used for fast communication between the UK (GBP/Sterling) and the US (USD/US Dollar)
• GBPJPY – The Sterling Yen Currency pair is solely referred to as the Gopher
• NZDUSD – The nationwide hen of New Zealand the Kiwi is the identify the foreign money has additionally adopted
• USDCAD – The “Loon” is definitely a hen which is printed on the Canadian 1 Dollar coin and because of this the foreign money is nicknamed the Loonie
• USDCHF – Nothing fancy or imaginative right here, because the Swiss Franc is known as the Swissy
• USDJPY – Our private favourite, the Ninja is used for the USDJPY (US Dollar Japanese Yen) Currency pair
The above checklist is in fact not the whole checklist because it doesn’t embody each single Currency pair there may be. To search out and establish all of them would most likely take us eternally. However, we do imagine we have now coated the preferred and customary ones.
So, now the following time you’re discussing Forex or Currency buying and selling and somebody mentions the “Loonie” though they might be referring to you – It might not be the case in any respect.
Comments