A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Balance Points: Gann Theory is based on the principle that price and time must balance. Markets are constantly in a position of change and subject to movement, sometimes with great volatility. Gann Theory states that there is order to this movement. By using the proper tools to analyze this movement, an accurate forecast for future direction can be made.
Finding the balancing points is necessary to predict future prices and movement. Gann developed a number of methods to help determine these balance points. The first method uses patterns created by swing charts to find the balance points. The second method uses angles and the squaring of price and time to find the balance points. The third method uses time.
Bank of Canada: The Bank of Canada is the nation’s central bank. They are not a commercial bank and do not offer banking services to the public. Rather, they have responsibilities for Canada’s monetary policy, bank notes, financial system, and funds management. Their principal role, as defined in the Bank of Canada Act is “to promote the economic and financial welfare of Canada.”
As the nation’s central bank, the Bank of Canada has five main areas of responsibility:
- Monetary Policy
- Currency
- Financial System
- Funds Management
- Corporate Administration
Bank of England: The Bank of England is the central bank of the United Kingdom. The Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy. As well as providing banking services to its customers, the Bank of England manages the UK’s foreign exchange and gold reserves.
The Bank has two core purposes – monetary stability and financial stability. The Bank is perhaps most visible to the general public through its banknotes and, more recently, its interest rate decisions. The bank has the statutory responsibility for setting the UK’s official interest rate.
Interest rates decisions are taken by the Bank’s Monetary Policy Committee. The MPC has to judge what interest rate is necessary to meet a target for overall inflation in the economy. The inflation target is set each year by the Chancellor of the Exchequer. The Bank implements its interest rate decisions through its financial market operations. The Bank has close links with financial markets and institutions. This contact informs a great deal of its work, including its financial stability role and the collation and publication of monetary and banking statistics.
Bank of Japan: The Bank of Japan is the central bank of Japan. It is a juridical person established based on the Bank of Japan Act (hereafter the Act), and is not a government agency or a private corporation.
The Act sets the Bank’s objectives “to issue banknotes and to carry out currency and monetary control” and “to ensure smooth settlement of funds among banks and other financial institutions, thereby contributing to the maintenance of stability of the financial system.”
The Act also stipulates the Bank’s principle of currency and monetary control as follows: “currency and monetary control by the Bank of Japan shall be aimed at achieving price stability, thereby contributing to the sound development of the national economy.”
The Bank of Japan’s missions are to maintain price stability and to ensure the stability of the financial system, thereby laying the foundations for sound economic development. To fulfill these two missions, the Bank conducts the following activities.
- Issuance and Management of Bank Notes.
- The Conduct of Monetary Policy
- Providing Settlement Services and Ensuring the Stability of the Financial System
- Treasury and Government Securities – Related Operations
- International Activities:
- International Financial Transactions and Operations
- Intervention in the Foreign Exchange Markets
- International Exchange of Views
- Compilation of Data, Economic Analysis and Research Activities.
Bottom: A low price that is followed by a higher high in the next time period.
