All of the major countries’ central banks hold a significant portion of their reserves in foreign currencies. Why do they purchase them and why the U.S. dollar is the most popular reserve currency? In this article, we’ll explain what the reserve currencies are, what purpose do they serve and why the world’s central banks hold them.
Candlestick price chart in trading and technical analysis is a very common way to visualize price movements. It’s relatively easy to understand, it’s informative and this type of chart can give some additional helpful hints to a trader that a simple chart can’t provide.
Recently some traditional economists were confused when they saw that more countries joined “the negative interest rates club”, so here is my opinion on this bizarre macroeconomic trend. We’ll try to explain why such a policy has occurred and why it can be a dangerous sign for the global economy.