Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Web Trader MT5
E
Economic Calendar
A tool that reports a country’s economic highlights and data releases, such as GDP, employment figures and central bank meeting outcomes.
Economist
Someone trained in economics. Within finance, the title usually points to professionals analysing macro conditions and producing forecasts that feed into investment decisions, the Goldman, JPMorgan, BofA chief economists whose weekly notes circulate through institutional inboxes. Bank economists publish for clients. Buy-side economists do similar work but oriented toward portfolio positioning. The boundary between economist, strategist, and analyst is mostly cosmetic. The discipline itself is broader than finance suggests. Academic economists work on theoretical models. Government economists staff finance ministries and statistical agencies. Behavioural economists, labour economists, development economists, and a dozen other subfields share the same toolkit but apply it to wildly different questions. Example: Goldman’s chief US economist publishes a weekly note on growth, inflation, and Fed policy. The note doesn’t move markets the way a Fed announcement does. It shapes expectations at the margin, which is mostly all anyone outside the FOMC can hope to do.
Efficient Market Hypothesis (EMH)
Eugene Fama’s claim, formalised in the 1960s and 70s, that asset prices fully reflect all available information. So consistent outperformance through analysis is impossible, or at least extraordinarily difficult. Three flavours: weak (prices reflect past trading data), semi-strong (prices reflect all public information), and strong (prices reflect even private information). The hypothesis built modern finance theory and underwrote the case for index investing. It also took a beating from behavioural finance, which documented persistent anomalies, momentum, value, post-earnings drift, that don’t fit cleanly into a strong-form efficient world. Fama himself was honest about the limits. He shared the 2013 Nobel with Robert Shiller, who’d built a career arguing markets get it wrong all the time. Example: Jack Bogle built Vanguard on the practical conclusion. If you can’t reliably beat the market, just own the market through low-cost index funds. The strategy has outperformed most active managers over multi-decade periods, which is either a vindication of EMH or evidence that fees matter more than skill. Probably both.
Egyptian Pounds (EGP)
Egypt’s currency. Issued by the Central Bank of Egypt and devalued repeatedly over the past decade through a sequence of forced adjustments, 2003, 2016, 2022, 2023, and most dramatically in March 2024. The pattern is always the same. Egypt depends on dollar inflows from tourism, the Suez Canal, remittances, and external borrowing. When those inflows tighten, the Pound runs out of room. Reserves drain. Importers can’t access dollars at the official rate. A parallel market emerges. The gap widens. Eventually the central bank gives up defending the rate and lets it move, often by 50% or more in a single session. Example: In March 2024 the Pound fell from around 30 to over 50 per USD overnight, accompanying an IMF programme expansion. Importers who’d spent over a year unable to pay foreign suppliers at the official rate suddenly had functioning trade finance again. Imported goods spiked. The pain was front-loaded. The alternative, keeping the broken rate and watching the parallel market run to 80, was worse.
EIA Crude Oil Inventories
A weekly report from the US Energy Information Administration showing the change in crude stockpiles at commercial firms. Released every Wednesday at 10:30am Eastern, and one of the most market-moving recurring events for energy traders. The number comes as a change versus the prior week. Consensus expectations are published in advance. Bigger-than-expected build (more oil sitting in storage)? Crude prices fall. Bigger-than-expected draw? Crude rises. The reaction is often violent and immediate. The release also includes data on gasoline, distillate, and Cushing-specific inventories, Cushing being the Oklahoma hub where WTI physically settles. Traders parse all of it. Example: Consensus calls for a 2-million-barrel build. The actual print shows a 5-million-barrel draw. WTI moves $2-3 per barrel within minutes as positioning adjusts. By the close, traders have absorbed the broader picture and the move usually settles into something more measured. The first reaction is the noisy one.
El Salvador Colon (SVC)
El Salvador’s former everyday currency. Replaced by the US dollar on 1 January 2001 at a fixed rate of 8.75 colones per dollar. Technically still legal tender. Practically, hasn’t circulated in 25 years. Banknotes are collectibles now. Dollarisation gave El Salvador imported credibility from the Fed and stable inflation, in exchange for any independent monetary policy whatsoever. In 2021, Bukele added Bitcoin as legal tender, which got global attention. The IMF eventually got involved, and by January 2025 Bitcoin’s status had been quietly scaled back, voluntary acceptance only, public-sector involvement restricted. The dollar remained, as it had since 2001, the actual money of El Salvador. Example: A Salvadoran small-business owner pricing goods in 2024 thinks in dollars. Full stop. The Colon survives in legacy contracts, numismatic collections, and the mental arithmetic of grandparents who still convert dollar prices back into colones the way some Indians still calculate in lakhs.
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