The term “pain trade” refers to a scenario in the financial markets where a majority of participants have taken positions in a specific direction, only to witness the market move against them. This situation creates considerable discomfort or “pain” for traders who find themselves on the losing side of the market shift.

The Pakistani Rupee (PKR) serves as the official currency of Pakistan. It was established in 1948, taking the place of the Indian Rupee following Pakistan's independence from British India. The State Bank of Pakistan is tasked with the issuance and management of the Pakistani Rupee.

The Panamanian Balboa (PAB) is one of the official currencies of Panama, alongside the United States Dollar (USD). The Balboa is named after Vasco Núñez de Balboa, a Spanish explorer who was the first European to reach the Pacific Ocean through the Americas. Panama has a unique monetary system, as it uses the US Dollar as legal tender for paper currency, while the Balboa is used for coins.

The Pandemic Emergency Purchase Programme (PEPP) is a temporary initiative aimed at purchasing assets from both private and public sectors. In response to the COVID-19 crisis, the European Central Bank (ECB) introduced a €750 billion PEPP.

A paper wallet, in contrast to hardware or software wallets, is essentially a tangible piece of paper that contains your public and private keys either written or printed on it, or it may have your seed phrase copied onto it. The keys can also be represented as a QR code instead of traditional alphanumeric characters.

The Papua New Guinea Kina (PGK) serves as the official currency of Papua New Guinea, a nation situated in the southwestern Pacific Ocean. The Kina was launched on April 19, 1975, replacing the Australian Dollar (AUD) at an equal value as the country geared up for its independence from Australia, which was achieved later that same year. The Bank of Papua New Guinea is tasked with the issuance and management of the Kina.