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Welcome to Forexpedia, the free forex encyclopedia started by forex traders and made specifically for forex traders. Search or browse the gloassary for over 850 terms and related articles and School of Pipsology lessons.

AJAX progress indicator
Term: (clear)
  • a

  • Abandoned Baby
    A reversal pattern characterized by a gap followed by a Doji, which is then followed by another gap in the opposite direction. The shadows on the Doji must completely gap below or above the shadows of the first and third candle.
  • Account Statement Report
    This report is a record of all transactions made in a trading account over a specific period of time. It shows all the monetary activity in a client's account.
  • Account Value
    The account value is how much one's account is worth.
  • Accumulative Swing Index
    The accumulative swing index, or ASI, is a tool developed by J. Welles Wilder to measure the breakout potential of a given market.The ASI takes the form of a number from 100 to -100, with positive values indicating an upward trend and negative values indicating a downward trend. Once(...)
  • Adjusted Retail Sales - Switzerland
    Release schedule : 7:15 (GMT); monthly, by the 15 th of the second month after the reporting month Revisions schedule : Few revisions Source of report : Swiss Federal Statistical Office Web Address : http://www.bfs.admin.ch/bfs/portal/en/index.html Address of release :(...)
  • ADP Non Farm Employment Change
    This U.S. report is a measure of non-farm private employment. It was developed in order to help meet the need for timely and accurate estimates of short-term movements in the labor market.Source: http://www.adpemploymentreport.com/ ADP Employment Report
  • Advance/Decline Index
    A tool used confirm that a trend is continuing. If there are more declining issues, the trend might see a reversal in the near future. The Advance/Decline Index is calculated by subtracting the number of declining prices from the number of advancing security prices.
  • ADX
    The average directional index, or ADX, was developed by J. Welles Wilder as a measure of a current market trend's strength. The ADX is derived from two directional indicators, known as DI+ and DI-, which are in turn derived from the directional movement inde] (DMI).ADX is calculated by(...)
  • AED
    The currency of the United Arab Emirates. Currency code (AED)
  • AFA
    The currency of Afghanistan. Currency Code (AFA)
  • Afghanistan Afghanis
    The currency of Afghanistan. Currency Code (AFA)
  • Aig Performance Of Service Index
    Release schedule: 23:30 (GMT); monthly, in the first week following the reporting month.Source of report: Australian Industry GroupWeb Address: http://www.aigroup.asn.au/Address of release: http://www.aigroup.asn.au/scripts/cgiip.exe/WService=aigroup/ccms.r?PageId=808
  • Alan Bollard
    Alan Bollard is a former Governor of the Reserve Bank of New Zealand.Dr. Alan Bollard was appointed as Governor of the Reserve Bank of New Zealand in September 2002 and his term ended in 2012.Dr. Bollard's previous positions include:#Secretary to the Treasury 1998- 2002.#The Treasury manages(...)
  • Alan Greenspan
    Alan Greenspan was nominated as Chairman of the Board of Governors of the Federal Reserve (US) by US President Ronald Reagan, as Paul Volcker
  • Albanian Leke
    The currency of Albania. Currency code (ALL)
  • Algerian Algeria Dinars
    The currency of Algeria. Currency code (DZD)
  • ALL
    The currency of Albania. Currency code (ALL)
  • AMD
    The currency of Armenia. Currency code (AMD)
  • AMF
    The Autorité des marchés financiers (AMF) was established to improve the efficiency of France’s financial regulatory system and to give it greater visibility. Links: The Autorité des marchés financiers, Official Web Site - English
  • Analyst
    When analyzing the market, analysts can generally be divided into two camps - fundamentals and technicals.Fundamental analysts are those who mainly look at the fundamental aspects of an economy in forming their opinions. They stay on top of the markets by reading and analyzing what the current(...)
  • Andrew's Pitchfork
    A channel technique developed by Dr. Alan Andrews that uses three parallel trendlines to show areas of support and resistance. The three parallel lines are created from three consecutive major peaks or troughs. Here is an example of an Andrew’s Pitchfork during an uptrend. Point A rallies(...)
  • ANG
    The currency of the Netherlands Antilles. Currency code (ANG)
  • Angela Merkel
    Angela Dorothea Merkel is Chancellor of the Federal Republic of Germany and is currently the Chairwoman of her political party, the Christian Democratic Union (CDU).In November 22, 2005 Merkel became the first female Chancellor of Germany. In 2009 her party acquired the most votes, granting(...)
  • Angola Kwanza
    The currency of Angola. Currency code (AOA)
  • ANZ Commodity Price Index
    Release schedule : 13:00 (GMT); monthly, on the first week of the following monthSource of report : Australia and New Zealand Banking Group Ltd. (ANZ)Web Address : http://www.anz.comAddress of release :http://www.anz.com/nz/about/media/-newslibrary.asp?Commodity_Price_Index
  • ANZ Job Vacancies - New Zealand
    Release schedule : 13:00 (GMT); quarterly, 6 weeks after the reporting periodSource of report : Australia and New Zealand Banking Group Ltd. (ANZ)Web Address : http://www.anz.comAddress of release :http://www.anz.com/nz/about/media/newslibrary.asp-?ANZ_Job_Ads
  • AOA
    The currency of Angola. Currency code (AOA)
  • Appreciation
    An increase in value of currency due to a market reaction or an increase in value of a general asset.
  • Arbitrage
    Taking an equal and opposite position at the same time to benefit from small price differences between related markets.
  • Argentina Pesos
    The currency of Argentina. Currency code (ARS)
  • Armenian Drams
    The currency of Armenia. Currency code (AMD)
  • ARS
    The currency of Argentina. Currency code (ARS)
  • Aruban Guilder
    The currency of Aruba. Currency code (AWG)
  • Ascending Trend Channel
    An ascending trend channel is a basic chart pattern used in technical analysis. Ascending trend channels are a useful tool due to their ability to predict overall changes in trend. As long as prices remain within the ascending trend channel, the upward trend in price can be expected to(...)
  • Ascending Trend Line
    A bullish pattern created by connecting two or more lows, with each successive low higher than the previous low. This creates an upward sloping trend line
  • Ascending Triangle
    An Ascending Triangle is a price action formation signal based on continuation pattern theory. Continuation patterns also include symmetrical triangles, descending triangle], wedges, flags, rectangles and pennants and are essentially technical patterns that are expected to lead to the(...)
  • Ask Price
    The price at which the market sells a currency. The trader can buy the base currency at this price.
  • Asset
    An item that has exchange value.
  • Asset Purchases
    In recent events, asset purchases usually pertains to the purchasing of government bonds to lower interest rates, inject capital into the economy or both. It is an unconventional monetary policy used by a central bank to stimulate the economy, otherwise know as quantitative easing.
  • At Best
    Instruction given to a dealer to buy or sell at the best possible rate that can be obtained.
  • At Or Better
    Instruction given to a dealer to deal at a specific rate or better. Hence-"at or better."
  • AUD
    The currency of Australia. Currency code (AUD)
  • Austerity
    Austerity refers to the government's reduction of spending in order to lower their deficit. Austerity measures, which usually involve wage cuts and tax hikes, are implemented by the government to ensure their creditors that they will be able to pay back their loans.
  • Australian Dollar
    The currency of Australia. Currency code (AUD)
  • Autorité des marchés financiers
    The Autorité des marchés financiers (AMF) was established to improve the efficiency of France’s financial regulatory system and to give it greater visibility. Links: The Autorité des marchés financiers, Official Web Site - English
  • Average Directional Index
    The average directional index, or ADX, was developed by J. Welles Wilder as a measure of a current market trend's strength. The ADX is derived from two directional indicators, known as DI+ and DI-, which are in turn derived from the directional movement inde] (DMI).ADX is calculated by(...)
  • Average True Range
    Average True Range is one measure of volatility of a given market. The measure was created by J. Welles Wilder, Jr. in his 1979 book
  • AWG
    The currency of Aruba. Currency code (AWG)
  • Azerbaijan Manats
    The currency of Azerbaijan. Currency code (AZM)
  • AZM
    The currency of Azerbaijan. Currency code (AZM)
  • b

  • Bahamas Dollars
    The currency of the Bahamas. Currency code (BSD)
  • Bahrain Dinars
    The currency of Bahrain. Currency code (BHD)
  • Bailout
    A bailout is a financial term referring to an extraordinary act of lending, or outright giving, capital to an entity (a company, bank, individual, etc.) that is in danger of failure due to bankruptcy or insolvency. A bailout can also be given to a failing entity to allow it to exit gracefully(...)
  • Balance Of Trade
    The difference in value between a country's imports and its exports.
  • Baltic Dry Index
    The Baltic Dry Index covers dry bulk shipping rates, or the costs of moving raw materials by sea. Shipping costs vary according to the type of commodity being shipped, the amount (supply and demand). This index is managed by the Baltic Exchange in London and the data can be directly(...)
  • Bangladesh Taka
    The currency of Bangladesh. Currency code (BDT)
  • Bank Levy
    A bank levy is what happens when your bank account gets frozen while the money in your account gets taken away from you. This normally happens when you do not pay your taxes or debt. Normally, it is government agencies (like the IRS) that make use of a bank levy, using it to collect unpaid(...)
  • Bank Of Canada
    The Bank of Canada is the nation's central bank. The primary role of the Bank of Canada is to promote and maintain the economic well-being of the country. They do this through managing Canada's monetary policy, overseeing bank notes and managing retail debt as well as bank funds. The Bank of(...)
  • Bank Of Canada Rate Decision
    The Bank of Canada's announcement of monetary policy changes and their outlook on the local and global economy.Release Schedule : 9:00 AM (EST); eight times a yearSource of Report : Bank of CanadaWeb Address : http://www.bankofcanada.ca/en/index.htmlAddress of Release :(...)
  • Bank Of England
    The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to(...)
  • Bank Of England Minutes
    A detailed summary of the last Bank of England monetary policy meeting. It highlights the reasoning for any changes to monetary policy, as well as the Banks's outlook on the UK economy. Release Schedule : Two weeks after the date of the policy decision Source of Report : Bank of England(...)
  • Bank Of England Rate Decision
    Release schedule : 11:00 AM GMT (about 7:00 AM EST); Monthly in the first or second week. Source of report : Bank of England Monetary Policy Committee Web Address : http://www.bankofengland.co.uk Address of release : http://www.bankofengland.co.uk/monetarypolicy/decisions.htm
  • Bank Of International Settlement
    The BIS is the Bank of International Settlement. They are the international organization that is in charge of monitoring the central bank activities. They try to enforce cooperation between central banks in order to create efficient markets.They have two main goals: to regulate capital(...)
  • Bank Of Japan
    The Bank of Japan is an organization that contributes to the stability of the daily lives of the people and sound development of the national economy by appropriately controlling the volume of money in the economy and ensuring the smooth circulation of money. The role of the Bank of Japan is(...)
  • Bank Of Japan Monetary Policy Meeting And Announcement
    Release schedule : No set time, usually between 2:00 and 4:00 (GMT); monthly, in the middle of the monthSource of report : Bank of JapanWeb Address : http://www.boj.or.jp/en/index.htmAddress of Release : http://www.boj.or.jp/en/theme/seisaku/kettei/index.htmSchedule of Meetings :(...)
  • Bank Of Japan Monetary Policy Meeting Minutes
    Release schedule : 5:00 (GMT); in the middle of the monthRevisions schedule : NoneSource of report : Bank of JapanWeb Address : http://www.boj.or.jp/en/index.htmAddress of release : http://www.boj.or.jp/en/theme/seisaku/mpm_unei/giji/index.htm
  • Bank Of Japan Monetary Policy Monthly Report
    Release schedule : 6:00 (GMT); in the middle of the monthRevisions schedule : NoneSource of report : Bank of JapanWeb Address : http://www.boj.or.jp/en/Address of release : http://www.boj.or.jp/en/theme/seisaku/handan/gp/index.htm
  • Bank Run
    A bank run takes place when a bank's depositors try to withdraw all their money as they worry about the bank's stability. This usually happens when depositors realize that their money is parked in a bank that is heavily exposed to bad debt, when credit rating agencies downgrade the bank's(...)
  • Banking Institutions
    Banking institutions cater to both the majority of commercial turnover and large amounts of speculative trading every day. The set of forex products offered by various banking institutions vary depending on their size. Some banks offer only spot exchange and currency forwards while the larger(...)
  • Bar Chart
    A type of chart used in the forex. It has four major points- the high and low prices which form the vertical bar, the opening price marked on the left side of the bar, and the closing price marked on the right.
  • Barbados Dollars
    The currency of Barbados. Currency code (BBD)
  • Base Currency
    The first currency in a currency pair. It compares the values between the first currency and the second currency in a currency pair.
  • Base Rate
    A term used in the UK for the rate used by the banks to calculate the Interest rate to borrowers. Top quality borrowers will pay a small amount over base.
  • Basis Point
    One percent of one percent.
  • BBD
    The currency of Barbados. Currency code (BBD)
  • BDT
    The currency of Bangladesh. Currency code (BDT)
  • Bear
    A person who believes that prices will decline.
  • Bear Market
    A market in which prices are noticeably declining.
  • Bearish
    The term "bearish" is used to describe that a person's, or group's, outlook on an asset is negative (i.e., that the asset will fall in value). For example, Jane is "bearish" on the Swiss Franc, which means she thinks its value will go down in price.
  • Bearish Engulfing Pattern
    The market must be in clearly defined uptrend. The first candle is bullish. The second candle is bearish. The bearish candle engulfs the previous candle's body. The size of the candle being engulfed doesn't matter. Ignore the wicks. An even stronger signal occurs when the bearish candle(...)
  • Bearish Reversal Candlestick Patterns
    The Bearish Reversal Candlestick Pattern comes in over 12 different forms. These include the Abandoned Baby, the Bearish Engulfing Pattern, the Harami, the Dark Cloud Cover, the Evening Star and the Shooting Star. Bearish Reversal Candlestick Patterns should form in an uptrend and most will(...)
  • Beige Book
    A summary of economic conditions around the United States compiled for the Federal Reserve Board. Each Federal Reserve Bank gathers anecdotal information on current economic condition in its District through reports from Bank and Branch directors and interviews with key businessmen,(...)
  • Belarus Rubles
    The currency of Belarus. Currency code (BYR)
  • Belize Dollars
    The currency of Belize. Currency code (BZD)
  • Ben Bernanke
    Former Chairman of the Board of Governors of the United States Federal Reserve (Fed) from 2006 to 2014Ben Bernanke, born Ben Shalom Bernanke in 1953 in Augusta, Georgia (USA) graduated from Harvard University in 1975. He earned a Ph.D. in 1979 from the Massachusetts Institute of Technology.(...)
  • Bermuda Dollars
    The currency of Bermuda. Currency code (BMD)
  • BGN
    The currency of Bulgaria. Currency code (BGN)
  • BHD
    The currency of Bahrain. Currency code (BHD)
  • Bhutan Ngultrum
    The currency of Bhutan. Currency code (BTN)
  • Bid Price
    The price at which the market buys a currency. This is the price that the trader may sell the base currency.
  • Bid/Ask Spread
    The difference between the bid and offer price.
  • BIF
    The currency of Burundi. Currency code (BIF)
  • Biflation
    Biflation is a phenomenon where both inflation and deflation occur at the same time. This term was coined by Dr. Osborne Brown, a Senior Financial Analyst for the Phoenix Investment group. During biflation, the prices of commodities and earnings-based assets(...)
  • Big Figure
    Refers normally to the first three digits of an exchange rate that dealers treat as understood in quoting. For example, a quote of "50/60" on EUR/USD could indicate a price of 1.3050/60.
  • Big Figure Quote
    The numbers to the left of the decimal point in an exchange rate.
  • Big Mac PPP
    Known as the Big Mac Purchasing Power Parity. Used by The Economist to show the value of a currency based on the price of a McDonald's Big Mac in that country.
  • Binary Options
    In finance, binary option (also called fixed return option, all or nothing or digital option)is a type of option where the payoff is either some fixed amount of some asset or nothing at all.[1] Binary options have been available since the middle of 2008.Binary options are trading options that(...)
  • BIS
    The BIS is the Bank of International Settlement. They are the international organization that is in charge of monitoring the central bank activities. They try to enforce cooperation between central banks in order to create efficient markets.They have two main goals: to regulate capital(...)
  • BMD
    The currency of Bermuda. Currency code (BMD)
  • BOB
    The currency of Bolivia. Currency code (BOB)
  • BOC
    The Bank of Canada is the nation's central bank. The primary role of the Bank of Canada is to promote and maintain the economic well-being of the country. They do this through managing Canada's monetary policy, overseeing bank notes and managing retail debt as well as bank funds. The Bank of(...)
  • BOE
    The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to(...)
  • BOJ
    The Bank of Japan is an organization that contributes to the stability of the daily lives of the people and sound development of the national economy by appropriately controlling the volume of money in the economy and ensuring the smooth circulation of money. The role of the Bank of Japan is(...)
  • Bolivia Bolivianos
    The currency of Bolivia. Currency code (BOB)
  • Bollinger Bands
    Bollinger Bands
  • Bond Auction
    A government bond auction is the process of selling short and long-term government bonds to investors in an attempt to minimize the cost of financing national debt.The process starts with the central bank announcing how much money it intends to borrow. Details like the term length of the bonds(...)
  • Bond Yields
    Bond yields refer to the rate of return or interest paid to the bondholder. It is the premium that investors are paid for holding on to government or corporate debt. Basically, a bond is a loan and they function pretty much in the same way a local bank charges borrowers for interest on the(...)
  • Book
    An overall summary of a trader's positions.
  • Botswana Pulas
    The currency of Botswana. Currency code (BWP)
  • Brazilian Brazil Real
    The currency of Brazil. Currency code (BRL)
  • Breakeven
    The point at which gains equal to losses.In terms of price action, it is the level at which the risk on the trade is recovered. This means that if the trader chooses to close at that particular price, he neither wins nor(...)
  • Breakout
    When the market price of an asset moves through a previously strong support or resistance area or level of interest. Typically followed by increased volatility and heavy volume.
  • Bretton Woods Agreement Of 1944
    The Bretton Woods Agreement is a pact that was made all the way back in the 1940's by the economic powers at that time to stabilize currencies. What it did was establish a fixed exchange rate for currencies in terms of gold to make trade among nations easier. This kind of exchange rate system(...)
  • British Current Account
    Release schedule : 8:30 (GMT); quarterly, at the end of the final month following the reference quarterRevisions schedule : frequent revisions reflecting changes to merchandise trade and other transactionsSource of report : Office for National StatisticsWeb Address :(...)
  • British Industrial Production
    Release Schedule: 8:30 (GMT); monthly, usually 26 working days following the reporting month's endRevisions Schedule: Monthly revisions made to adjust for incomplete data.Source of Report: Office for National Statistics (UK)Web Address: http://www.statistics.gov.uk/default.aspAddress of(...)
  • British Trade Balance
    Release schedule : 8:30 (GMT); monthly, within 40 days following the report monthRevisions schedule : There can sometimes be large revisions due to adjustments for fraud and customs reporting processesSource of report : Office of National StatisticsWeb Address :(...)
  • BRL
    The currency of Brazil. Currency code (BRL)
  • Broadening Formation
    A broadening formation is an example of a consolidation pattern and a highly useful tool in the prediction of the likelihood of a reversal in the direction of a current trend. When found in an uptrend it indicates not a continuation of that trend, but a near-term reversal of the price(...)
  • Broker
    An agent or company who executes orders to buy and sell currencies and related instruments for their clients; they typically make money on either the commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign(...)
  • BSD
    The currency of the Bahamas. Currency code (BSD)
  • BTN
    The currency of Bhutan. Currency code (BTN)
  • Building Permits - Canada
    Release Schedule : 8:30 AM (EST); monthly, on the first week of the reporting monthRevision Schedule: The report following next monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • Building Permits - New Zealand
    Release schedule : 22:45 (GMT); monthly, one month after the following monthSource of report : Business New ZealandWeb Address : http://www.stats.govt.nz/default.htmAddress of release : http://www.stats.govt.nz/economy/industry/construction.htm
  • Bulgarian Leva
    The currency of Bulgaria. Currency code (BGN)
  • Bull
    A person who believes that an asset will rise in value.
  • Bull Market
    A market characterized by rising prices.
  • Bullish
    The term "bullish" is used to describe that a person's, or group's, outlook on an asset is optimistic (i.e., that the asset will rise in value). For example, John is "bullish" on the British Pound, which means he thinks its value will go up in price.
  • Bullish Engulfing Pattern
    A reversal trading pattern that typically occurs after a signifcant downtrend. It occurs when a small bearish candle is engulfed by a large bullish candle. This signals a possible reversal. Ignore the wicks. An even stronger signal occurs when the bullish candle engulfs the bodies of two or(...)
  • Bullish Reversal Candlestick Patterns
    The Bullish Reversal Candlestick Pattern has over 14 different pattern styles. These include the Bullish Engulfing, the Piercing Pattern, the Harami, the Hammer, the Inverted Hammer, the Morning Star, and the Abandoned Baby. To use Bullish Reversal Candlestick Patterns succesfully, look for(...)
  • Bundesbank
    The Central Bank of Germany.
  • Burundi Francs
    The currency of Burundi. Currency code (BIF)
  • Business Inventories
    Reports total U.S. business sales and inventories or Total current-dollar sales and inventories for the manufacturing, wholesale, and retail sectors of the economy.Importance:Traders look at how retail inventory numbers will influenceinterest rates. If inventories are rising at a faster pace(...)
  • BWP
    The currency of Botswana. Currency code (BWP)
  • BYR
    The currency of Belarus. Currency code (BYR)
  • BZD
    The currency of Belize. Currency code (BZD)
  • c

  • Cable
    Slang for the GBPUSD currency pair. Due to the rate originally being transmitted by a transatlantic cable, the name stuck.
  • CAD
    The currency of Canada. One of the major currencies traded. Currency code (CAD)
  • Camarilla Equation
    The Camarilla Equation is a popular
  • Cambist
    An experienced trader who trades currencies throughout the whole day.
  • Cambodian Riels
    The currency of Cambodia. Currency code (KHR)
  • Canadian Dollar
    The currency of Canada. One of the major currencies traded. Currency code (CAD)
  • Candlestick Chart
    Type of chart used to indicate the trading range for the day and opening/closing prices.School of Pipsology: http://www.babypips.com/school/
  • Cape Verde Escudos
    The currency of Cape Verde. Currency code (CVE)
  • Carbon Credits
    Carbon credits pertains to the right to emit a certain volume of greenhouse gases. The current measure is that one ton of C02 (or C02 equivalent gases) is equal to one carbon credit. To encourage businesses and companies to minimize their emission of greenhouse gases, they can exchange, buy,(...)
  • Carry Trade
    The Carry Trade is a trading strategy where investors/traders sell or borrow assets (such as currencies) with lower yielding interest rate] to fund or buy higher yielding assets. In the Foreign exchange, interest is debited or credit from a trader's account everyday on open positions.The most(...)
  • Cash Market
    The market on which a futures or optionscontract is based.
  • Cashcard Retail Index - Australia
    Release schedule : 20:00 (GMT); monthly, on the first 10 days following the reported month Source of report : Cashcard Web Address : http://www.cashcard.com.au/ Address of release : http://www.cashcard.com.au/News.htm
  • Cayman Islands Dollars
    The currency of the Cayman Islands. Currency code (KYD)
  • CBI Industrial Orders Expectations
    The Confederation of British Industry is the UK
  • CBI Industrial Trends Survey - United Kingdom
    Release schedule : QuarterlyRevision schedule: Never revisedSource of report : Confederation of British Industry (CBI)Web Address : http://www.cbi.org.uk/
  • CCI
    The Commodity Channel Index is a tool developed by Donald Lambert to measure the point at which cyclical price reversals for a given asset can be expected. One of the fundamental assumptions behind the CCI is that price trends reverse at regular intervals within an asset, allowing investors(...)
  • CDF
    The currency of Congo. Currency code (CDF)
  • Central Bank
    Central banks play a key role in the currency markets because of their power over monetary policy. They have a direct influence over money supply, which in turn affects demand and price of the currency. Through the use of different policies, central banks can try to manipulate the markets so(...)
  • Central Bank Intervention
    Currency intervention occurs when one central bank or more buys (or sells) a currency in the foreign exchange market in order to raise (or lower) its value against another currency. Why Intervene?Intervention usually happens when a nation's currency is undergoing excessive downward or upward(...)
  • CFD
    In finance, this is a contract between two parties, typically described as "buyer" and "seller" to exchange the difference in value of a financial instrument between the time at which the contract is opened and the time it is closed. In effect CFDs are financial derivatives that allow traders(...)
  • CFTC
    The Commodity Futures Trading Commission (CFTC) is a government agency established in 1974 to regulate the commodity futures and options markets in the US, such as the Chicago Mercantile Exchange. The commission is composed of five senate-approved Commissioners (with one acting as chairman)(...)
  • Chaikin Oscillator
    The Chaikin Oscillator was developed by Marc Chaikin to compare volume and price levels for an asset. The Oscillator can be used to indicate when an asset is overbought or oversold and thus to indicate upcoming reversals.To calculate a Chaikin Oscillator chart, a trader first generates an(...)
  • Chartist
    One who uses charts and graphs to trade. Referred to as a technical trader.
  • CHF
    Slang for the Swiss franc. Currency code (CHF)
  • Chicago PMI
    This report is created by The National Association of Purchasing Management. It rates the level of factory health in the upper Midwest. It is also known as the Business Barometer. Announced at the end of the month in The Chicago Report. Because it is released on the last day of the reporting(...)
  • Chile Pesos
    The currency of Chile. Currency code (CLP)
  • Chinese Manufacturing PMI
    China
  • Chinese Renminbi
    The currency of China. Currency code (CNY)
  • Christine Lagarde
    Christine Madeleine Odette Lagarde is a French lawyer and the Managing Director of the International Monetary Fund since July 5, 2011 replacing Dominique Strauss-Kahn . Previously, she held various ministerial posts in the French government: she was Minister of Economic Affairs, Finances and(...)
  • Claimant Count - United Kingdom
    Release schedule : 8:30 (GMT); monthly, usually in the middle of the month.Revisions schedule : None.Source of report : Office for National StatisticsWeb Address : http://www.statistics.gov.uk/Address of release : http://www.statistics.gov.uk/instantfigures.asp
  • Cleared Funds
    Funds that are freely available.
  • Clearing
    The process of settling a trade.
  • Clearing Price
    The actual monetary value given to an asset. This value in a trade serves as a compromise at which a buyer agrees to buy and a seller agrees to sell.
  • Client
    A person that holds an account. A trader who goes to a broker to make transactions.
  • Closed Position
    A position that has been terminated or ended.
  • CLP
    The currency of Chile. Currency code (CLP)
  • CNY
    The currency of China. Currency code (CNY)
  • Collateral
    Something of value lent to act as a guarantee of performance.
  • Colombian Pesos
    The currency of Colombia. Currency code (COP)
  • Comdoll
    Comdoll is a nickname for
  • Commercial Corporations
    Commercial corporations, unlike other market participants, are part of the 10% of market players who do not partake in the Forex markets looking for profit. Rather, they do so for the sake of hedging risk. Such corporations make transactions in both the futures and spot markets for their daily(...)
  • Commission
    A transaction fee charged by a broker.
  • Commodities Futures Trading Commission
    The Commodity Futures Trading Commission (CFTC) is a government agency established in 1974 to regulate the commodity futures and options markets in the US, such as the Chicago Mercantile Exchange. The commission is composed of five senate-approved Commissioners (with one acting as chairman)(...)
  • Commodity Channel Index
    The Commodity Channel Index is a tool developed by Donald Lambert to measure the point at which cyclical price reversals for a given asset can be expected. One of the fundamental assumptions behind the CCI is that price trends reverse at regular intervals within an asset, allowing investors(...)
  • Commodity Research Bureau Index
    The Commodity Research Bureau Index, or CRB Index, is an index of sensitive commodities, designed to gauge the average direction of movement in the commodity sector. The index is composed of: Fats and Oils: Soybean Oil, tallow, butter, and lard.Textiles and Fibers: Print cloth, burlap, wool(...)
  • Communaute Financiere Africaine Francs
    The currency of the Communaute Financiere Africaine. Currency code (XAF)
  • Comoros Francs
    The currency of Comoros. Currency code (KMF)
  • Completeness
    In auditing, completeness deal with whether all transaction that should be in the financial statements are included. For instance, completeness asserts that the accounting of all sales of goods and services be included in the financial statements.
  • Comptoirs Francais Du Pacifique Francs
    The currency of the Comptoirs Francais du Pacifique. Currency code (XPF)
  • Conference Board Leading Index - Australia
    Release Schedule : 0:00 (GMT); monthly, third week of the following month.Revisions Schedule : Subject to revisionsSource of Report : The Conference BoardWeb Address : http://www.conference-board.org/Address of Release : http://www.conference-board.org/economics/bci/press_archive.cfm?cid=7
  • Confirmation
    A document that states the agreement of a transaction.
  • Confluence
    Confluence occurs when several technical indicators give the same trade signal. Confluence of trade signals could lead to greater accuracy and profitability. For instance, this happens when support and resistance levels are closely in line with Fibonacci retracement and extension levels.(...)
  • Congo Congolese Francs
    The currency of Congo. Currency code (CDF)
  • Consolidation
    Consolidation illustrates the lack of a trend in a particular trading range. It frequently occurs after downtrends or uptrends, and can be seen as a stretch of indecision. Consolidation draws to a close when price breaks through existing lines of support and resistance.
  • Consumer Confidence Index
    A survey of 5,000 consumers asking them how they feel about the current economy and their spending patterns. They will also be asked how confident they are about buying expensive consumer goods. The report is split into how people feel now and their expectations over the next few months.How to(...)
  • Consumer Price Index
    An index that measures the change in price of a representative basket of goods and services such as food, energy, housing, clothing, transportation, medical care, entertainment and education. It
  • Consumer Price Index - Australia
    The Consumer Price Index (CPI) measures the change in price of a representative basket of goods and services.Release schedule : 1:30 (GMT), quarterly, one month after the quarter.Revision schedule: Major benchmark revisions are made every 5 yearsSource of report : Australian Bureau of(...)
  • Consumer Price Index - Canada
    The Consumer Price Index (CPI) measures the change in price of a representative basket of goods and services.Release Schedule : 8:30 AM (EST); monthly, around the 20 th of each MonthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release :(...)
  • Consumer Price Index - Euro-Zone
    The Consumer Price Index (CPI) measures the change in price of a representative basket of goods and services.Release Schedule: 9:00 (GMT); monthly, with previous month's data, near the middle of each monthSource of Report: Eurostat/European Central BankWeb Address:(...)
  • Consumer Price Index - Japan
    The Consumer Price Index (CPI) measures the change in price of a representative basket of goods and services.Release schedule: 23:30 (GMT); monthly, in the last week of the following month. Revisions schedule: Little or no revisions Source of report: Ministry of Public Management, Home(...)
  • Consumer Price Index - Switzerland
    The Consumer Price Index (CPI) measures the change in price of a representative basket of goods and services.Release schedule : MonthlySource of report : Swiss Federal Statistical OfficeWeb Address : http://www.bfs.admin.ch/bfs/portal/en/index.htmlAddress of release :(...)
  • Consumer Price Index - United Kingdom
    The Consumer Price Index (CPI) measures the change in price of a representative basket of goods and services.Release schedule : 8:30 (GMT); monthly, mid-month following the reporting monthSource of report : Office for National StatisticsWeb Address : http://www.statistics.gov.uk/Address of(...)
  • Consumer Sentiment
    Also referred to as the Index of Consumer Sentiment (ICS), it is report created by the University of Michigan's Consumer Survey Center that measures consumer optimism regarding the US economy. Each month 500 households are surveyed on their financial conditions and attitudes about the(...)
  • Consumption Spending - Canada
    Release schedule : 8:30 AM (EST); quarterlySource of report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • Contagion
    The harmful spread or influence of an economic, financial, or policy problem to other markets or aspects of society.
  • Contract
    An agreement of trade.
  • Contract For Difference
    In finance, this is a contract between two parties, typically described as "buyer" and "seller" to exchange the difference in value of a financial instrument between the time at which the contract is opened and the time it is closed. In effect CFDs are financial derivatives that allow traders(...)
  • Convergence
    Normally, the contract price of a futures contract is higher than the current price of the underlying asset (normally a commodity). The futures contract price is higher because of the effect of the time value of money. As the expiration date nears, the spread between the spot price and the(...)
  • Conversion Rate
    A rate of a specified currency for converting all profits and losses into U.S. dollars.
  • COP
    The currency of Colombia. Currency code (COP)
  • Core Pce Price Index
    A U.S. report which states the average increase in prices for all domestic personal consumption items. The Core PCE Price Index is a less volatile report than the PCE Price Index in that it does not include more volatile food and energy prices.
  • Correlation
    In trading, correlation is a measurement of the relationship between two assets. A positive correlation suggests that Security B will move in the same direction as Security A. For example, the http://www.babypips.com/school/eurjpy-your-very-own-barometer_of_risk.html German stock market (DAX)(...)
  • Costa Rican Colones
    The currency of Costa Rica. Currency code (CRC)
  • Counter Currency
    The second currency in a currency pair. Also known as the Quote currency.
  • Counterparty
    The customer or bank with which a foreign exchange deal is executed.
  • Country Risk
    The added risk from international investments.
  • Cover
    Any action of closing a position.
  • Cover On A Bounce
    Occurs when a trader covers a short position after it has reached and "bounced" off a support level.
  • Cover On Approach
    The action of closing out a profitable short position as the security reaches a certain level of support. This move is conservative in that a trader cuts profit at a point in which he/she can still gain more profit.
  • CPI
    An index that measures the change in price of a representative basket of goods and services such as food, energy, housing, clothing, transportation, medical care, entertainment and education. It
  • CRC
    The currency of Costa Rica. Currency code (CRC)
  • Credit Rating
    Like in any other security, investors look at credit ratings to determine a debt issuer's ability to repay a loan. In forex trading, credit ratings are mostly referred to sovereign debt, or bonds, issued by governments to finance public projects and services. We usually see credit ratings(...)
  • Credit Rating Agency
    Credit rating agencies are companies that provide objective estimates on how capable a debt issuer (ex. banks, companies, governments) is in fulfilling its debt obligations. Today we usually see these valuations expressed in letters like AAA, BB+, or D.A lot of major players in the credit(...)
  • Credit Risk
    The negative chance that a person who owes currency cannot repay.
  • Croatian Kuna
    The currency of Croatia. Currency code (HRK)
  • Cross Currency Pair
    A couple of currencies in which one currency is traded against another.
  • Cross Rate
    An exchange rate between two currencies, usually constructed from the individual exchange rates of two currencies, as most currencies are quoted against the dollar.
  • Crude Oil Inventories
    The amount of crude oil, gasoline, and distillate in a country.
  • Cuban Pesos
    The currency of Cuba. Currency code (CUP)
  • CUP
    The currency of Cuba. Currency code (CUP)
  • Cup With Handle
    Resembles a cup and a handle on the chart. Hence the name "cup with handle." Shows where a bullish trend can possible begin.
  • Currency
    Any form of money a government endorses and is used for trade.
  • Currency Basket
    Various weightings of other currencies grouped together in relation to a basket currency. Sometimes used by currencies to fix their rate, often on a trade-weighted basket.
  • Currency Code
    Currency codes are three letter abbreviations which identify a country's currency, established by the International Organization for Standardization (ISO).
  • Currency Manipulation
    Currency manipulation is the act of changing its value against other currencies instead of leaving it free to fluctuate based on market dynamics. This can be done by fixing the exchange rate or deliberately increasing or decreasing its value. This practice is usually frowned upon since it(...)
  • Currency Pair
    Made up for a Base currency and a Quote currency (or Counter currency), it's the way of displaying and pricing one currency against another to be used to make a trade. Currency pairs are normally shown as two abbreviated currency names, separated by a slash. The slash can sometimes be(...)
  • Currency Peg
    A currency peg, sometimes referred to as a fixed exchange rate, is a kind of exchangerate policy wherein a country
  • Currency Risk
    The chance that is involved in exchange rates to have negative effects.
  • Current Account - Australia
    Release schedule : 1:30 (GMT); quarterly, with previous quarter released three months laterRevisions schedule : Revisions are made on an as-needed basis when more accurate data is available. As the report presents data for the past six quarters, each release may feature revisions not only to(...)
  • Current Account - Japan
    Release schedule : 23:50 (GMT); monthly, in the second week after the reporting month.Revisions schedule : Revisions appear in subsequent quarterly and yearly Balance of Payments reportsSource of report : Japanese Ministry of FinanceWeb Address : http://www.mof.go.jp/english/index.htmAddress(...)
  • Current Account - New Zealand
    Release Schedule : 22:45 (GMT); quarterly, over 2 months after the reporting periodSource of Report : Statistics New ZealandWeb Address : http://www.stats.govt.nz/default.htmAddress of Release : http://www.stats.govt.nz/products-and-services/info-releases/crown-acct-analysis-info-releases.htm
  • Current Account Balance
    The Current Account Balance (CAB) is a function relating to a country's Balance of Payments (BOP), others being the Capital Account and the Financial Account. Basically, it is the broadest measure of international flows of capital, goods, and services in and out of a country.Importance:The(...)
  • CVE
    The currency of Cape Verde. Currency code (CVE)
  • CYP
    The currency of Cyprus. Currency code (CYP)
  • Cyprus Pounds
    The currency of Cyprus. Currency code (CYP)
  • Czech Koruny
    The currency of the Czech Republic. Currency code (CZK)
  • CZK
    The currency of the Czech Republic. Currency code (CZK)
  • d

  • Daily Chart
    A graph that shows the past price movement of a security in which each bar or candlestick represents a day's worth of data.
  • Daily Cut-Off
    The point of the day at which the trading day is over.
  • Dark Cloud Cover
    A bearish reversal patter] that continues the uptrend with a long white body. The next candle opens at a new high then closes below the midpoint of the body of the first candle. The pattern is more signficant if the second candle's body is below the center of the previous body. The pattern is(...)
  • David Dodge
    David Dodge is the former Governor of the Bank of Canada, having retired on January 31, 2008.Mr. Dodge was appointed Governor of the Bank of Canada on February 1st, 2001, for a term of seven years. As Governor, he was also Chairman of the Board of Directors of the Bank. Background:A native of(...)
  • Day Trader
    A person who makes and closes trades within the same trading day, or "flat" (no open positions) at the end of the session.
  • Day Trading
    Day trading with the foreign exchange market is in some ways vastly different to that in other markets, in addition to which, day trading in the currencies market does not suffer from the unpleasant connotation that may spring to mind when one thinks of such things with relation to the stock(...)
  • Deal Blotter
    A list of all the transactions occurred in a specific time period, usually a trading day.
  • Deal ticket
    Primary method of recording a transaction.
  • Dealer
    An individual or firm acting as a principal, rather than as an agent, in the purchase and/or sale of securities. Dealers trade for their own account and risk. This is in contrast to brokers who trade only on behalf of their clients.
  • Debt-to-GDP ratio
    The Debt-to-GDP ratio measures the amount of a country's national debt in relation to its GDP.Often expressed as a percentage, this figure indicates a country's ability to pay back its debts based on its output. The lower the debt-to-GDP ratio, the more capable the country is of paying back(...)
  • Default
    A default occurs when a person or entity fails to meet its debt obligations. It can be in the form of unpaid loans, mortgages, bonds, and promissory notes. A debtor is also considered to have defaulted when a violation of loan conditions is committed (i.e., not making a scheduled payment).
  • Deficit
    Shortfall in the balance of trade, balance of payments, or government budgets.
  • Deflation
    Deflation is the opposite of inflation. It is the decrease in the price of a basket of goods and services. Deflation happens when the annual inflation rate turns negative. Such an event is usually brought about by a reduction in the money supply and/or credit.Currency Impact:While inflation(...)
  • Delivery
    The settlement of a transaction by receipt or tender of financial instrument or currency.
  • Delivery Date
    The date of maturity of a contract, when the final settlement of a transaction is made by exchanging the currencies. This date is more commonly known as the value date.
  • Demarker Indicator
    The Demarker Indicator is a technical analysis tool developed by Tom Demarker for identifying high-risk buying or selling areas in a given market. Two variants of the Demarker Indicator exist, one bounded by values from -100 to 100, the other bounded by values from 0 to 1. The basic(...)
  • Denmark Kroner
    The currency of Denmark. Currency code (DKK)
  • Depreciation
    A decline in price of a currency due to economic changes.
  • Depression
    The simple definition of a depression is a large scale recession that lasts an extended period of time. Some define a depression as a scenario where real GDP drops by over 10%. Another way to differentiate it from a recession is the period of time. Recessions are said to typically last one(...)
  • Derivatives
    Derivatives are financial instruments that acquires the majority of their value from the price of the underlying asset they are tracking such as commodities and currencies, or from securities such as stocks and bonds. Swaps, futures, forwards, and options are the most common derivatives.(...)
  • Descending Trend Channel
    Descending trend channels are basic chart patterns used in technical analysis. A descending trend channel is formed by drawing two trendlines, one through the high prices for an asset and one through the low prices for the asset. If the trend in prices is downward, then the space between the(...)
  • Descending Trendline
    Descending trendlines are a variety of trendlines, one of the most fundamental tools for technical analysis. Descending trendlines are simply trendlines with a negative slope, indicating falling prices. There are two types of descending trendlines: descending top trendlines, in which the(...)
  • Descending Triangle
    A descending triangle is a simple chart pattern used in technical analysi]. The descending triangle is formed from two trendline], one for high prices and one for lows. The upper trendline of the triangle is a descending trendline, while the lower trendline is a horizontal trendline. The(...)
  • Desk
    Refers to a group that deals with a specific currency or currencies.
  • Details
    All information required to make a transaction.
  • Detrended Price Oscillator
    The Detrended Price Oscillator (DPO), as the name indicates, is a technical analysis tool designed to give information about the price of an asset without taking into account existing price trends. The logic behind this is that detrended prices can help traders to understand the buying and(...)
  • Devaluation
    An intentional decrease in a currency's price due to official announcement.
  • Diamond
    The diamond formation, more commonly known as a diamond top, is a relatively rare chart formation used in technical analysis. When a diamond top forms, it forms at the conclusion of a long uptrend in price, and it indicates an imminent reversal of the trend. As such, the diamond top(...)
  • Direct Quotation
    Quotes in fixed units of foreign currency against domestic currency.
  • Directional Movement Index
    The directional movement index (or DMI) was developed by J. Welles Wilder in order to determine the overall direction of a given asset's prices. DMI is composed of two lines, one representing positive direction (+DI) and one representing a negative direction (-DI).To calculate the DMI, a(...)
  • Discretionary Account
    An account in which the account holder gives power to a company or trading body to handle buy/sell transactions. The trading body also has power to choose which currencies to buy or sell.This account type is also referred to as a managed or controlled account.
  • Discretionary Trading
    While other trading styles emphasize the reading of signals based on mathematical formulas or price action patterns, or fundamental analysis alone, discretionary traders are the "jack of all trades" of the Forex market and tend to incorporate all forms of analysis. These traders not only rely(...)
  • Disparity Index
    The disparity index is a percentage measurement for the position of the current closing price of an asset relative to that asset's moving average. Traders commonly attribute this measurement to Steve Nison, based on his book ''Beyond Candlesticks''.The disparity index can take either a(...)
  • Divergence
    Divergence is a trading pattern in which the relationship between price action and an oscillator indicator is measured.If the price begins to move in a negative correlation to an indicator, (ie. higher "highs" in price, but lower "highs" in indicator), it could be viewed as a leading indicator(...)
  • DJF
    The currency of Djibouti. Currency code (DJF)
  • Djibouti Francs
    The currency of Djibouti. Currency code (DJF)
  • DKK
    The currency of Denmark. Currency code (DKK)
  • DMI
    The Demarker Indicator is a technical analysis tool developed by Tom Demarker for identifying high-risk buying or selling areas in a given market. Two variants of the Demarker Indicator exist, one bounded by values from -100 to 100, the other bounded by values from 0 to 1. The basic(...)
  • Doji
    The doji is a type of candlestick and a warning sign of a pending reversal. The lack of a real body conveys a sense of indecision or tug-of-war between buyers and sellers and the balance of power may be shifting. The open and close are pretty much equal. The length of the upper and lower(...)
  • Domestic Corporate Goods Price Index - Japan
    Release schedule : 23:50 (GMT); quarterly, in the second month following the end of the quarter.Revisions schedule : The second preliminary report comes a month after the first, and the final report is released at the end of the fiscal year, with a two year lag.Source of report : Economic and(...)
  • Dominican Republic Pesos
    The currency of the Dominican Republic. Currency code (DOP)
  • DOP
    The currency of the Dominican Republic. Currency code (DOP)
  • Double Bottom
    A Double Bottom is a form of chart pattern used in technical analysis. This pattern is characterized by a distinct drop in price, followed by a slight reversal (or recovery) with a second drop occurring soon after to either the same or similar level as the first, before another, significant(...)
  • Double Top
    Any chart pattern similar to the one show below is known as a
  • Dovish
    Refers to the tone of language when describing a non-aggressive stance or viewpoint regarding a specific economic event or action. It
  • Down Tick
    The sale of a currency at a price lower than the previous sale.
  • Dragonfly Doji
    A doji where it opens and closes at or near its high. The candle ends up with a tall lower shadow and no body. It is usually seen at the bottom of a move. More bullish than a hammer.
  • Drawdown
    Drawdown is a measure of peak-to-trough decline, usually given in percentage form. In trading, drawdown refers to the reduction in your trading account from a trade or a series of trades. For instance, your trading account is initially at $10,000 then you lost $2,500 today and $2,500 the next(...)
  • Durable Goods Orders
    A key indicator of future manufacturing activity. This goverment index measures the dollar volume of orders, shipments, and unfilled orders of durable goods. Durable goods are new or used items generally with a normal life expectancy of three years or more.ImportanceMeasures demand for U.S.(...)
  • DZD
    The currency of Algeria. Currency code (DZD)
  • e

  • Easing
    A decline in interest rates due to central bank activity.
  • East Caribbean Dollars
    The currency of the East Caribbean. Currency code (XCD)
  • ECB
    The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB
  • ECI
    The Employement Cost Index (ECI) is generally considered to be one of the most comprehensive measurement of labor costs and their growth rate and as such, it is said to signal changes in wage inflation.Importance:The impacts of the data can herald changes in interest rates, as shown by larger(...)
  • Eco Watchers Survey
    Release schedule : 6:00 (GMT); monthly, one to two weeks after the reporting month.Revisions schedule : Little or no revisionsSource of report : The Cabinet Office ( Japan )Web Address : http://www.cao.go.jp/index-e.htmlAddress of release : http://www5.cao.go.jp/keizai3/watcher-e/index-e.html
  • Economic Indicators
    An economic indicator is a measurement or data point on the economy that provides a barometer of how the country is doing, which could influence an asset's value. Some of the most common and followed U.S. Economic Indicators*Real Gross Domestic Product (GDP)*Consumer Price Index (CPI)*Beige(...)
  • Economic Indicators For New Zealand
    Growth:* Gross Domestic Product (GDP) - New ZealandManufacturing:* Performance of Manufacturing Index (PMI) - New ZealandServices:Labor Market:*ANZ Job Vacancies - New ZealandConsumer Spending:* Retail Trade (Retail Sales) - New ZealandInflation:* Food Price Index - New Zealand* ANZ Commodity(...)
  • Economist
    Economists are scientists who study economics. They study market conditions by analyzing economic data that is released daily, and try to explain what is affecting the economy. They predict how current market conditions will alter future government fiscal and monetary policy.They based their(...)
  • ECU
    The former currency of the countries that formed the European Union. It was replaced by the Euro in 2002.
  • EEK
    The currency of Estonia. Currency code (EEK)
  • EGP
    The currency of Egypt. Currency code (EGP)
  • Egyptian Pounds
    The currency of Egypt. Currency code (EGP)
  • El Salvador Colones
    The currency of El Salvador. Currency code (SVC)
  • Electronic Brokering Services
    Electronic Brokering Services is an organization created by some of the world
  • Empire State Manufacturing Index
    The Empire State Manufacturing Index (ESMI) is a survey given out by the Federal Reserve Bank of New York to manufacturing companies within the state of New York. Basically, it measures how the people who run these companies feel towards the economy. The most watched statistic of the report is(...)
  • Employment Change
    This report measures the change of a country's employment conditions from the previous month. In laymen terms, it means it counts the total number of people who lost their jobs or gained employment in the previous month. A negative figure means that overall, more jobs were lost than gained in(...)
  • Employment Change - Australia
    Release schedule : 1:30 (GMT); monthly, first week of every monthSource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
  • Employment Cost Index
    The Employement Cost Index (ECI) is generally considered to be one of the most comprehensive measurement of labor costs and their growth rate and as such, it is said to signal changes in wage inflation.Importance:The impacts of the data can herald changes in interest rates, as shown by larger(...)
  • Employment Level - Switzerland
    Release schedule : 7:15 (GMT); quarterly, about two months after the reporting quarterRevisions schedule : Little or no revisionsSource of report : Swiss Federal Statistical OfficeWeb Address : http://www.bfs.admin.ch/bfs/portal/en/index.htmlAddress of release :(...)
  • Employment Report
    The Employment Situation Report is released on a monthly basis. It includes a basket of employment reports such as the Unemployment rate, Average Hourly Earnings, and the Non Farm Payrolls report. The Non Farm Payrolls report is arguably one of biggest market movers in the Forex. If you are(...)
  • Employment Situation - Japan
    Release schedule: 23:30 (GMT); one month after the reporting period Revisions schedule: Little or no revisions Source of report: Japanese Ministry of Health, Labour and Welfare ( Japan ) Web Address: http://www.mhlw.go.jp/english/index.html Address of release: http://www.stat.go.jp/english/data
  • End of Day Order
    A trade order to buy or sell but closes at the end of the trading day. Hence- End of day order. Also known as an EOD.
  • Engulfing Pattern
    A reversal pattern that can be bearish or bullish depending upon whether it appears at the end of an uptrend bearish engulfing pattern or downtrend bullish engulfing pattern. The first candle is characterized by a small body, followed by a candle whose body completely engulfs the previous(...)
  • Entry Order
    An entry order is one that is used to enter a trade at a specified price level. If the currency pair never reaches that price level then the entry order is not executed. There are three types of entry orders:A market order allows the trader to buy or sell at the best current price. A Limit(...)
  • EOD
    A trade order to buy or sell but closes at the end of the trading day. Hence- End of day order. Also known as an EOD.
  • Eritrea Nakfa
    The currency of Eritrea. Currency code (ERN)
  • ERN
    The currency of Eritrea. Currency code (ERN)
  • ESM
    The European Stability Mechanism is a bailout fund set to be launched in July 2012 to succeed the European Financial Stability Facility (EFSF). Unlike the EFSF, which is a temporary fund, the ESM is a permanent rescue funding program with a total capacity of 500 billion EUR.It was designed to(...)
  • Estonian Krooni
    The currency of Estonia. Currency code (EEK)
  • ETB
    The currency of Ethiopia. Currency code (ETB)
  • Ethiopian Birr
    The currency of Ethiopia. Currency code (ETB)
  • EUR
    The official currency of the European Union. It was a replacement for the European Currency Unit or ECU. The Euro is one of the major currencies traded on the FX market. Currency code (EUR).
  • EURIBOR
    It is the LIBOR for euro denominated forwards and futures. It is used as the reference rate at which banks can borrow euro-denominated funds from each other. When the European Monetary Union was founded, domestic rates like euro- PIBOR and euro- FIBOR were merged, thus creating one of the(...)
  • Euro
    The official currency of the European Union. It was a replacement for the European Currency Unit or ECU. The Euro is one of the major currencies traded on the FX market. Currency code (EUR).
  • Euro Interbank Offered Rate
    It is the LIBOR for euro denominated forwards and futures. It is used as the reference rate at which banks can borrow euro-denominated funds from each other. When the European Monetary Union was founded, domestic rates like euro- PIBOR and euro- FIBOR were merged, thus creating one of the(...)
  • Euro zone
    The euro zone officially consists of 17 countries:* Austria* Belgium* Cyprus* Estonia* Finland* France* Germany* Greece* Ireland* Italy* Luxembourg* Malta* The Netherlands* Portugal* Slovakia* Slovenia* SpainThe euro zone came into life in 1999, when the first member states decided to(...)
  • Euro-Zone Construction Production Index
    Release schedule : Quarterly, but member countries are free to release individual data on a monthly basis as wellSource of report : EurostatWeb Address : http://ec.europa.eu/comm/eurostat Address of release : http://ec.europa.eu/comm/eurostat Themes - Industry, Trade and Services Data tab (...)
  • Euro-Zone Gross Domestic Product
    Release Schedule : 9:00 (GMT); quarterly, about two months after the quarterSource of Report : EurostatWeb Address : http://ec.europa.eu/comm/eurostatAddress of Release : http://ec.europa.eu/comm/eurostat
  • Euro-Zone Industrial Production
    Release schedule : 9:00 (GMT), monthlyRevisions schedule: Because data for some countries is estimated, moderate revisions are made to the Euro-zone Industrial Production when actual data is available from those countries. Source of report : EurostatWeb Address :(...)
  • Euro-zone Manufacturing PMI
    Release schedule : 9:00 (GMT); monthly, first working day of every monthSource of report : NTC ResearchWeb Address : http://www.ntc-research.com/Address of release : http://www.ntc-research.com/PressCenter/ReleaseDates.asp
  • Euro-zone Services PMI
    Release schedule : 9:00 (GMT); monthly, third working day of every monthSource of report : NTC ResearchWeb Address : http://www.ntc-research.com/Address of release : http://www.ntc-research.com/PressCenter/ReleaseDates.asp
  • Euro-Zone Trade Balance
    Release schedule : 9:00 GMT; monthly, about 50 days after reporting monthSource of report : EurostatWeb Address : http://ec.europa.eu/eurostatAddress of release : http://ec.europa.eu/comm/eurostatRefer > Euro-indicators - External trade > Trade Balance and indices > Balance of Trade - Trade value
  • Euro-zone Unemployment Rate
    Release schedule : 9:00 (GMT); monthly, two months after the reported month, first week of every monthSource of report : EurostatWeb Address : http://ec.europa.eu/eurostatAddress of release : http://ec.europa.eu/comm/eurostat Structural indicators > Employment
  • Eurobonds
    Based on EU leaders' proposals, a Eurobond would be a collective bond issued by the 17 member nations of the euro zone. Since it consolidates the euro zone countries' debt into a single bond, its credit rating would be substantially higher than that of the PIIGS nations but lower than(...)
  • European Central Bank
    The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB
  • European Central Bank Rate Announcement And Press Conference
    The announcement of any monetary policy changes and the ECB's outlook on the euro zone economy. Release schedule : About 7:30 AM EST, the Governing Council meets twice a monthSource of report : European Central BankWeb Address : http://www.ecb.int/home/html/index.en.htmlAddress of release :(...)
  • European Currency Unit
    The former currency of the countries that formed the European Union. It was replaced by the Euro in 2002.
  • European Financial Stability Facility
    The European Financial Stability Facility (EFSF) was created by the 27 member European Union as a special purpose vehicle. Its purpose is to preserve financial stability through financial assistance to eurozone states during times of economic difficulty.In order to raise funds to provide(...)
  • European Monetary Union
    An economically conjoined body of 12 European Union members and 3 non-European Union members that all recognize the Euro as their sole currency . Also known as the EMU or the Eurozone.Not to be confused with the European Union.
  • European Stability Mechanism
    The European Stability Mechanism is a bailout fund set to be launched in July 2012 to succeed the European Financial Stability Facility (EFSF). Unlike the EFSF, which is a temporary fund, the ESM is a permanent rescue funding program with a total capacity of 500 billion EUR.It was designed to(...)
  • Evening Doji Star
    A three candle bearish reversal pattern similar to the Evening Star. # The uptrend continues with a large white body. # The next candle opens higher, trades in a small range, then closes at its open (Doji). # The next candle closes below the midpoint of the body of the first candle.
  • Evening Star
    A bearish reversal pattern that continues an uptrend with a long white body candle followed by a gapped up small body candle, then a down close with the close below the midpoint of the first candle.
  • Exchange
    A physical location where commodities and futures are traded.
  • Exchange Rate Risk
    The potential loss that could be incurred from an adverse movement in exchange rates.
  • Existing Home Sales
    Measures the monthly sales of previously-owned single-family houses.Importance:Almost eight out every 10 houses are existing homes, while the rest are newly constructed. Sales of existing homes can provide economic stimulus. Some sellers will use the profits from the sale of their existing(...)
  • Exotic Currency
    Refers to a currency that is not popularly traded or considered one of the eight major currencies.
  • Expiry Date
    The last day on which the holder of an option can exercise his right to buy or sell the underlying security.
  • Exponential Moving Average
    See Moving Averages
  • Exports
    Exports refer to any good, commodity or service sold to a foreign country. For example, Saudi Arabia, the world
  • Exports - Australia
    Release schedule : 1:30 (GMT); monthly, in the fifth week following the reporting month.Revisions schedule : MonthlySource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5368.0
  • f

  • Factory Orders
    The factory orders report, produced by the U.S. Census Bureau, consists of both of the durable goods report (announced earlier) along with a report detailing the events of non-durable goods orders. The report itself tends to be rather predictable with non durable goods appearing as the only(...)
  • Fading
    Fading is a trading technique in which a trader assumes that a rapid upward movement is overdone and takes a short position on a possible reversal.This technique can be very risky in trending markets because going against a strong trend reduces the probability of profitability.This technique(...)
  • Falkland Islands Pounds
    The currency of the Falkland Islands. Currency code (FKP)
  • Falling Three Methods
    A bearish continuation pattern. A long black body is followed by three small body candles, each fully contained within the range of the high and low of the first candle. The fifth candle closes at a new low.
  • Falling Wedge
    While a Wedge pattern is most often known as a Reversal Pattern (a chart pattern where the trend of a stock is reversed once the pattern is confirmed), a falling wedge may be either a reversal pattern or a continuation pattern, depending on the prevailing trend factor.Wedge patterns act in a(...)
  • FCM
    A futures commission merchant is just like a securities broker, but instead deals with futures contract orders. FCM
  • FDIC
    The United States agency in charge of bank depository insurance in the US. Also known as the FDIC.
  • Fed
    The Federal Reserve of the United States, commonly known as the Fed, is the organization responsible for monitoring and maintaining the United States currency supply. Established by Congress in 1913, the Fed is composed of a Washington D.C.-based Board of Governors, twelve large regional(...)
  • Federal Deposit Insurance Corporation
    The United States agency in charge of bank depository insurance in the US. Also known as the FDIC.
  • Federal Funds Rate
    The interest rat] at which US financial institutions (e.g., credit unions, savings and commercial banks, etc.) are charged for holding active balances at the Federal Reserve. This interest rate is used as a benchmark by US banks when lending excess balances to each other.
  • Federal Open Market Committee
    The Federal Open Market Committee (FOMC) is the team behind theUS Federal Reserve that controls the nation
  • Federal Reserve
    The Federal Reserve of the United States, commonly known as the Fed, is the organization responsible for monitoring and maintaining the United States currency supply. Established by Congress in 1913, the Fed is composed of a Washington D.C.-based Board of Governors, twelve large regional(...)
  • Fibonacci Arcs
    Fibonacci arcs are created by first drawing an invisible trendline between two points (usually the high and low in a given period), and then by drawing three curves that intersect this trendline at the key Fibonacci levels of 38.2%, 50% and 61.8%. Transaction decisions are made when the price(...)
  • Fibonacci Channel
    Human behavior is not only reflected in chart patterns as large swings, small swings or trend formations. Human behavior is also expressed in peak-valley formation. Fibonacci channels make use of peak and valley formations in the market and lead to conclusions on how to safely forecast major(...)
  • Fibonacci Ellipse
    Fibonacci ellipses identify underlying structure of price moves. Fibonacci ellipses circumvent price patterns. When a price pattern changes, the shape of the ellipse circumventing the respective market price pattern changes too. We can find long and short ellipses, fat and thin ellipses and(...)
  • Fibonacci Extension
    Fibonacci extensions are, as the name indicates, not a separate Fibonacci Studies in their own right, but rather a way to increase the utility of Fibonacci retracements over time. Fibonacci extensions are created by first generating a Fibonacci retracement chart for a market. This is done by(...)
  • Fibonacci Fan
    Fibonacci fans name derives from the fanlike appearance of the three trend lines shown. The Fibonacci fans are drawn using typical tops or bottoms. The three Fibonacci fans project into the future with slopes at 38.2, 50 and 61.8% (additional levels are also available). As the daily prices(...)
  • Fibonacci Retracement
    Markets move in rhythms. An impulse wave that defines a major market trend will have a corrective wave before the next impulse wave reaches new territory. This occurs in either bull market or bear market conditions. The most common approach to working with corrections is to relate the size of(...)
  • Fibonacci Spiral
    Fibonacci spirals provide the optimal link between price and time analysis and are the answer to a long search for a solution to forecasting both time and price. Each point on a spiral manifests an optimal combination of price and time. Corrections and trend changes occur at all those(...)
  • Fibonacci Studies
    Fibonacci studies are geometrical representation of nature's law and human behavior that can be applied, almost without limit, to market data series, whether cash currencies/Forex, futures, index products, stocks or mutual funds. Each shape possesses unique characteristics in determining when(...)
  • Fibonacci Time Projection
    Fibonacci time projection days are days on which a price event is supposed to occur. Time projection analysis is not lagging but is of forecasting value. Trades can be entered or exited at the price change rather then after the fact. The concept is dynamic. The distance between two turning(...)
  • Fibonacci Time Zones
    Fibonacci Time Zones are a series of vertical lines. They are spaced at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc. The interpretation of Fibonacci Time Zones involves looking for significant changes in price near the vertical lines. Fibonacci time zones are used in the(...)
  • FIFO
    Rule in which positions are closed in the order they were originally opened. Also known as FIFO.
  • Fiji Dollars
    The currency of Fiji. Currency code (FJD)
  • Filipino Pesos
    The currency of The Philippines. Currency code (PHP)
  • Fill
    The action of completing a order to make a transaction.
  • Fill Price
    The price at which an order was executed.
  • Financial Risk
    The negative chance a firm cannot meet its financial obligations.
  • First In First Out
    Rule in which positions are closed in the order they were originally opened. Also known as FIFO.
  • Fiscal Policy
    Fiscal policy, or financial policy, is the method by which governments adjusts its levels of spending and taxation to directly influence the economy. Fiscal policy goes hand in hand with monetary policy (the means by which central banks influence money supply) to achieve various economic(...)
  • Fisher Effect
    The Fisher effect describes the relationship between interest rates and inflation. According to Irving Fisher, the brains behind this amazing theory, the real interest rate is equal to the nominal interest rate minus the expected inflation. With the real interest rate held constant, an rise in(...)
  • Fitch
    Fitch Ratings is currently one of the Big Three players in the credit ratings industry.Fitch Ratings was founded by John Knowles Fitch in 1913 when he published financial statistics in his ''"The Fitch Stock and Bond Manual."'' In 1924, the Fitch Publishing Company first introduced the "AAA"(...)
  • Fixed Exchange Rate
    An official rate set by monetary officials.
  • FJD
    The currency of Fiji. Currency code (FJD)
  • FKP
    The currency of the Falkland Islands. Currency code (FKP)
  • Flags
    A flag is a chart pattern used in technical analysis. Although it is less popular than triangles, wedges, and other commonplace technical analysis tools, traders consider flags to be extremely reliable consolidation patterns.A flag forms when price shoots up extremely sharply in a single(...)
  • Flat
    Slang used to describe a position that creates a neutral position. A position that has been sold or bought at the same price as the buying or selling price respectively. Also known as ''square''.
  • Flip
    The point in which a trader switches from having more long positions to more short positions.
  • Floating Exchange Rate
    A rate that is allowed to change freely, as influenced by an open market, rather than being fixed to the value of another asset (e.g., the Chinese Yuan is not openly traded and fixed to the value of the U.S. Dollar).
  • FOMC
    The Federal Open Market Committee (FOMC) is the team behind theUS Federal Reserve that controls the nation
  • Food Price Index - New Zealand
    Release Schedule : 22:45 (GMT); monthly, 1-2 weeks after the reporting periodSource of Report : Statistics New ZealandWeb Address : http://www.stats.govt.nz/default.htm Address of Release http://www.stats.govt.nz/products-and-services/info-releases/fpi-info-releases.htm
  • Foreign Currency Effects
    The loss or gain on foreign investments due to a rising or falling domestic currency. A falling domestic currency means foreign investments will result in higher returns when converted back into domestic currency.
  • Foreign Exchange
    Foreign Exchange, or Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro and the US dolla] (EUR/USD) or the British Pound and the Japanese Yen (GBP/JPY).Because(...)
  • Forex
    Also referred to as the "''FOREX''" or "''Forex''" or "''Retail forex''" or
  • Forex Swap
    A forex swap is the simplest type of currency swap. It is an agreement between two parties to exchange a given amount of one currency for an equal amount of another currency based on the current spot rate. The two parties will then give back the original amounts swapped at a later date, at a(...)
  • Forward
    A forward contract is a non-standardized contract between two parties, who enter into an agreement to complete a transaction sometime in the future. The two parties agree today to buy (sell) an asset at a specific date in the future at a specific price. The buyer of the asset assumes the(...)
  • Forward Deal
    A deal with a value date greater than the spot value date.
  • Forward Points
    The interest rate differential between two currencies expressed in exchange rate points. The forward points are added to or subtracted from the spot rate to give the forward or outright rate (depending on whether the currency is at a forward premium or discount).
  • Fractal
    A fractal is a structure that you can self-replicate geometrically in a smaller or miniature copy of itself indefinitely. This characteristic is called self-similarity. Fractals can be found all over nature and in math. Some examples include: seashells, snow flakes, lightnings, broccoli,(...)
  • Francoise Hollande
    Francoise Hollande is currently the 24th President of France. He was elected in 2012, ousting then President Nicolas Sarkozy. His past political experience includes serving as mayor of Tulle (2001-2008) and as President of the General Council of Corrize (2008-2012). He is a member of the(...)
  • French Business Confidence Indicator
    Release schedule: 6:45 (GMT); monthly, end of every month Source of report: National Institute for Statistics and Economic Studies (INSEE) Web Address: http://www.insee.fr/en/home/home_page.asp Address of release : http://www.insee.fr/en/indicateur/indic_conj/liste_indice.asp
  • French Consumer Confidence
    Release Schedule: MonthlySource of Report: ECBWeb Address: http://www.ecb.int/ecb/orga/decisions/genc/html/index.en.htmlAddress of Release: N/A
  • French Gross Domestic Product Quarterly
    Release schedule: 6:50 (GMT); quarterly, 50 days after the end of the reporting quarterRevisions schedule: Final report is issued 90 days after the end of the quarter Source of report: National Institute for Statistics and Economic Studies (France)Web Address:(...)
  • French Industrial Production
    Release schedule : 6:40 (GMT); monthly, in the first half of the month, with a two month lag.Revisions schedule : Revisions can be significantSource of report : National Institute for Statistics and Economic StudiesWeb Address : http://www.insee.fr/en/home/home_page.aspAddress of release :(...)
  • French Unemployment Rate
    Release schedule : 6:45 (GMT); monthly, at the end of the following monthSource of Report: National Institute for Statistics and Economic Studies ( France )Web Address : http://www.insee.fr/en/home/home_page.aspAddress of release :(...)
  • Front Office
    The normal trading activities carried out by the dealer.
  • Fundamental Analysis
    Fundamental analysis is a way of understanding the changes in market valuation by analyzing economic, social, and political forces that affects the supply and demand of an asset.In Forex, the idea behind this type of analysis is that if a country's current or future economic outlook is good,(...)
  • Fundamentals
    Macroeconomic factors that affect the currency markets.
  • Futures Commission Merchant
    A futures commission merchant is just like a securities broker, but instead deals with futures contract orders. FCM
  • Futures Contract
    An agreement to trade a good at a set price a later date.
  • g

  • G20
    Established in 1999, the Group of Twenty, more commonly referred to as G20, is a collection of Central Bank Heads and Finance ministers to discuss important global economic issues. Its member countries include: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia,(...)
  • G5
    The Group of Five. The five leading industrial countries: United States, Germany, Japan, France, and United Kingdom.
  • G7
    The Group of Seven is the world's leading industrial countries: United States, Germany, Japan, France, United Kingdom, Canada, Italy.
  • G8
    The Group of Eight leading industrial countries that meet yearly to discuss economic policy, or the annual summit meeting of the G8 heads of governmentThe G8 is represented by the governments of Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States.
  • Gambia Dalasi
    The currency of Gambia. Currency code (GMD)
  • Gann Fan
    A Gann Fan is an analytical drawing tool used to indicate time and price movements from important highs and lows and identify price breakouts. The angled lines fan from the selected point. They indicate a time to price relationship that may be relatively fast or relatively slow, depending on(...)
  • Gann Grid
    A Gann Grid represents an intersecting series of Gann Lines over laid on a price chart; Gann's teachings stress the importance of the 45 degree line representing a 1:1 relationship between time and price (1 unit of price to 1 unit of time). When price trades above the 45-degree line it is an(...)
  • GBP
    The currency of the United Kingdom. One of the major currencies traded. Currency code (GBP)
  • GDP
    The total value of goods and services produced within the borders of the United States, regardless of who owns the assets or the nationality of the labor used in producing that output. (In contrast, gross national product measures the output of the citizens of the US and the income from assets(...)
  • GEL
    The currency of Georgia. Currency code (GEL)
  • Georgia Lari
    The currency of Georgia. Currency code (GEL)
  • German Annual Gross Domestic Product
    Release Schedule : 9:00 (GMT); quarterly, about two months after the quarterSource of Report : EurostatWeb Address : http://ec.europa.eu/comm/eurostatAddress of Release : http://ec.europa.eu/comm/eurostat
  • German Consumer Price Index
    Release Schedule: 6:00 (GMT); monthlySource of Report: Federal Statistical Office GermanyWeb Address: http://www.destatis.de/e_home.htmAddress of Release: http://www.destatis.de/indicators/e/vpi101ae.htm
  • German Current Account
    Release schedule: 6:00 (GMT); monthly, during the second week of every monthSource of report: Deutsche Bundesbank BankWeb Address: http://www.bundesbank.de/index.phpAddress of release: http://www.bundesbank.de/volkswirtschaft/vo_monatsbericht.en.php
  • German Employment Change
    Release schedule : 7.55 (GMT); Irregular release schedule, mostly monthly releaseSource of report : Federal Statistical Office GermanyWeb Address : http://www.destatis.de/e_home.htmAddress of release : http://www.destatis.de/indicators/e/tkarb810.htmEmployment Situation, Employment Rate, ILO(...)
  • German Gfk Consumer Confidence
    Release schedule: 6.10 (GMT); monthly, during the last week of every monthSource of report: GfK GroupWeb Address: http://www.gfk.comAddress of release: http://www.gfk.com/group/press_information/press_releases/current_press_releases/index.en.html
  • German Ifo Business Climate Survey
    Release schedule : 8:00 (GMT); monthly, last week of every monthSource of report : CESifo GroupWeb Address : http://www.cesifo-group.deAddress of release: http://www.cesifo-group.de/pls/portal/url/page/IFOHOME/A-WINFO/D1INDEX/10INDEXGSK
  • German Industrial Production
    Release schedule : 10:00 (GMT); monthly, every six weeks after the end of the monthSource of report : Federal Statistical Office GermanyWeb Address : http://www.destatis.de/e_home.htmAddress of release : http://www.destatis.de/indicators/e/pgw510ae.htm
  • German PMI Manufacturing
    Release schedule: Released during the first half of each month at 3.55 EST Source of report: NTE Economics Web Address: http://www.ntc-research.com/ Address of release: http://www.ntc-research.com/Information/AboutPMIData.asp
  • German PMI Services
    Release schedule : 7:55 (GMT); month, the first half of each monthSource of report : NTE Economics Web Address : http://www.ntc-research.com/Address of release : http://www.ntc-research.com/Information/AboutPMIData.asp
  • German Producer Price Index
    Release Schedule: 6:00 (GMT); monthly, near the twentieth of every month, with previous month's data,Source of Report: Federal Statistical Office GermanyWeb Address: http://www.destatis.de/Address of Release: http://www.destatis.de/themen/e/thm_preise.htm Producer price indices
  • German Retail Sales
    Release schedule : Usually 9:30 (GMT); monthly, more than a month afterRevisions schedule : FewSource of report : Federal Statistical Office GermanyWeb Address : http://www.destatis.de/e_home.htmAddress of release : http://www.destatis.de/indicators/e/tkums331x.htm
  • German Trade Balance
    Release schedule: 6:15 (GMT); monthly, provisional reports are available approximately 40 days after the end of reference period.Source of report: Federal Statistical Office GermanyWeb Address: http://www.destatis.de/indicators/e/iwf01.htmAddress of release:(...)
  • German Unemployment Rate
    Release schedule : 7.55 (GMT); irregular release schedule, mostly monthlySource of report : Federal Statistical Office GermanyWeb Address : http://www.destatis.de/e_home.htmAddress of release : http://www.destatis.de/indicators/e/arb420ae.htm
  • German ZEW Economic Expectations
    The German ZEW Economic Expectations report is considered as a leading indicator of Germany's economic health. It features a number which basically measures the outlook of investors and economic analysts for the next 6 months. The calculation of which is based on a few factors such as industry(...)
  • GGP
    The currency of Guernsey. Currency code (GGP)
  • Ghana Cedis
    The currency of Ghana. Currency code (GHC)
  • GHC
    The currency of Ghana. Currency code (GHC)
  • Gibraltar Pounds
    The currency of Gibraltar. Currency code (GIP)
  • GIP
    The currency of Gibraltar. Currency code (GIP)
  • Glenn Stevens
    Governor of the Reserve Bank of Australia since 18 September 2006.Mr Stevens serves as Chairman of the Payments System Board, Council of Financial Regulators and Financial Markets Foundation for Children. He also serves as Director of The Anika Foundation.Born: 23 January 1958 Education: (...)
  • Globalization
    Globalization is the term used to describe how vastly different economies and cultures have easily integrated themselves with one another through communication, transportation, and economic policies. Through technological advances and outward-looking government policies, the interdependence of(...)
  • GMD
    The currency of Gambia. Currency code (GMD)
  • GNF
    The currency of Guinea. Currency code (GNF)
  • GNP
    Gross domestic product added to income from investment. Also known as GNP.
  • Going Long
    The act of buying currency, commodities, and stocks for investment.
  • Going Short
    The act of selling currency, commodities, or stocks not already belonging to the seller.
  • Gold
    Gold is a commodity that is commonly used in jewelry and variety of electronic products and equipment due to its conductivity, malleability, and durability. Previously, it was used as a standard for monetary exchange as well. This practice was stopped with the introduction of the fiat system(...)
  • Good 'til cancelled order
    An order to trade at a specific price. It remains open until trader cancels. Hence "Good 'til cancelled." Also known as GTC.
  • Graeme Wheeler
    Graeme Wheeler is the soon-to-be Governor of the Reserve Bank of New Zealand.Graeme Wheeler was appointed in June 2012 and will take over Alan Bollard's position as Governor of the RBNZ in September 25, 2012. Wheeler's previous positions include: World Bank Managing Director of Operations from(...)
  • Gravestone Doji
    A doji candle that opens and closes at or near its low. The candle ends up having a long upper shadow and no body. It is usually seen at the end of an uptrend. This pattern is more bearish than a shooting star.
  • Greece
    Greece, officially known as the Hellenic Republic, is a country in Southern Europe. Its capital is Athens. It has been part of the euro zone since 2001.Importance in Forex:Since the late 2009, worries of a sovereign debt crisis developed among investors. They were concerned that Greece won't(...)
  • Grexit
    The term "Grexit" was created to refer to the risk of Greece leaving the euro zone during the European Debt crisis. It was derived from the combination of the words "Greece / Greek" and "exit."Grexit was coined by Citigroup's Ebrahim Rahbari in February 2012 and first came out in a paper(...)
  • Gross Domestic Product
    The total value of goods and services produced within the borders of the United States, regardless of who owns the assets or the nationality of the labor used in producing that output. (In contrast, gross national product measures the output of the citizens of the US and the income from assets(...)
  • Gross Domestic Product - Australia
    Release schedule : 1:30 (GMT); quarterly, with previous quarter's data released three months laterRevisions schedule : The revisions are of two types: those made quarterly to recent releases and those made annually as a consequence of redistribution across all quarters within a year following(...)
  • Gross Domestic Product - Canada
    Release Schedule : 8:30 AM (EST); quarterlySource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • Gross Domestic Product - Japan
    Release schedule : 23:50 (GMT); quarterly, in the second month following the end of the quarter.Revisions schedule : The second preliminary report comes a month after the first, and the final report is released at the end of the fiscal year, with a two year lag.Source of report : Economic and(...)
  • Gross Domestic Product - New Zealand
    Release schedule : 22:45 (GMT); quarterly, over 2 months after the reporting periodRevisions schedule : All figures are revised monthlySource of report : Statistics New ZealandWeb Address : http://www.stats.govt.nz/default.htmAddress of release : http://www.stats.govt.nz/default.htm
  • Gross Domestic Product - Switzerland
    Release schedule : 5:45 (GMT); quarterlySource of report : Swiss Federal Statistical Office Web Address : http://www.bfs.admin.ch/bfs/portal/en/index.html Address of release : http://www.bfs.admin.ch/bfs/portal/en/index/themen/systemes_d_indicateurs/economic_and_financial/data.html
  • Gross Domestic Product - United Kingdom
    Release schedule : 8:30 (GMT); quarterly, released approximately 3.5 weeks after end of quarterSource of report : U.K. Office of National StatisticsWeb Address : http://www.statistics.gov.uk/Address of release : http://www.statistics.gov.uk/instantfigures.asp
  • Gross National Product
    Gross domestic product added to income from investment. Also known as GNP.
  • GTC
    An order to trade at a specific price. It remains open until trader cancels. Hence "Good 'til cancelled." Also known as GTC.
  • GTQ
    The currency of Guatemala. Currency code (GTQ)
  • Guatemala Quetzales
    The currency of Guatemala. Currency code (GTQ)
  • Guernsey Pounds
    The currency of Guernsey. Currency code (GGP)
  • Guinea Francs
    The currency of Guinea. Currency code (GNF)
  • Guyana Dollars
    The currency of Guyana. Currency code (GYD)
  • GYD
    The currency of Guyana. Currency code (GYD)
  • h

  • Haitian Gourdes
    The currency of Haiti. Currency code (HTG)
  • Hammer
    Hammer candlesticks form when prices moves significantly lower after the open, but rallies to close well above the intracandle low. The resulting candlestick looks like a square lollipop with a long stick. A hammer indicates that the market may be attempting to find a bottom, and that buyers(...)
  • Hanging Man
    Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intracandle low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.
  • Harami
    A two candle pattern that has a small body candle completely contained within the range of the previous body, and is the opposite color. Coming after a strong trend, this pattern indicates a decrease in momentum and possibly the end of the trend.
  • Harami Cross
    Harami crosses are reversal signals and are formed when a long candle is followed by a doji. For the pattern to be a valid harami cross, the doji should be located within the top and bottom of the first candle
  • Hawkish
    Refers to the tone of language when describing an aggressive stance or viewpoint regarding a specific economic event or action. It
  • Head And Shoulders
    The Head and Shoulders chart pattern is considered by many traders and analysts to be one of the most reliable and accurate of all reversal patterns. The head and shoulders pattern reveals itself by a series of three highs with the Head represented as central high that is higher than the(...)
  • Hedge
    For traders and investors, a hedge is a combination of different positions that helps eliminate the risk that is inherent in any position. In creating a hedge, traders will take opposing positions in separate markets. While this could limit profits had a trader taken just a single position, it(...)
  • Hedge Funds
    Hedge funds are managed portfolios aimed to generate high returns by using aggressive investment strategies. Hedge funds, despite the misleading name, aims to get the biggest bang for an investor
  • Henry Paulson
    In June 2006 Henry Paulson was sworn in at the US Treasury Department as Secretary Paulson, succeeding John Snow as Treasury Secretary, and quickly emphasized the need to resolve the huge gap between America
  • Hit the Bid
    Accepting a purchase at the ask price or selling at the bid price.
  • HKD
    The currency of Hong Kong. Currency code (HKD)
  • HNL
    The currency of Honduras. Currency code (HNL)
  • Holder
    The buyer of a currency.
  • Home Loans - Australia
    This tracks down the number of home loans given out the in report month in Australia. It is an indicator of both the Australian housing and credit markets. It measures whether consumers are willing to take out loans to finance their home purchases. The report also indicates whether consumers(...)
  • Honduras Lempiras
    The currency of Honduras. Currency code (HNL)
  • Hong Kong Dollars
    The currency of Hong Kong. Currency code (HKD)
  • Horizontal Trend Channel
    Horizontal trend channels are chart patterns used in technical analysis. Like ascending and descending trend channels, horizontal trend channels are formed by drawing trendlines for both high and low prices on a chart. If asset prices remain reasonably constant overall for some period of(...)
  • House Price Index - Australia
    Release Schedule : 1:30 (GMT); quarterly, two months after the reported quarterRevision Schedule: QuarterlySource of Report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of Release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/6416.0
  • Housing Industry Association New Home Sales
    Release Schedule : 4:00 (GMT); monthly, end of every monthSource of Report : Housing Industry Association Economics GroupWeb Address : http://economics.hia.com.au/Address of Release : http://economics.hia.com.au/archive.aspx
  • Housing Starts - Canada
    Release Schedule : 8:15 AM (EST); monthly, one week after the reporting monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • Housing Starts And Building Permits
    Housing starts and building permits are one of several types of indictors in which way the market is moving. There are plenty of things to take into consideration, but many feel that this allows for a good indication as to what the economy and the market is likely to do
  • HRK
    The currency of Croatia. Currency code (HRK)
  • HTG
    The currency of Haiti. Currency code (HTG)
  • HUF
    The currency of Hungary. Currency code (HUF)
  • Hungarian Forint
    The currency of Hungary. Currency code (HUF)
  • Hyperinflation
    Hyperinflation is a condition in which price levels increase rapidly as the nation's currency loses its value. This often occurs when there is a large increase in the money supply not supported by gross domestic product (GDP) growth, resulting in an imbalance in the supply and demand for the(...)
  • i

  • Ian Macfarlane
    Ian Macfarlane was the Governor of the Reserve Bank of Australia from 1996 to September of 2006.Governor since 1996, Mr. Macfarlane was one of the longest serving central bankers in the group. Educated at University of Sydney, Mr. Macfarlane worked for the RBA from 1979 up until he was(...)
  • Iceland Kronur
    The currency of Iceland. Currency code (ISK)
  • Ichimoku Kinko Hyo
    Ichimoku Kinko Hyo is an equilibrium chart used in technical analysis. The chart's name means, roughly, "equilibrium chart at a glance", which also describes its function: providing information about the equilibrium behavior of an asset with a single look. Ichimoku Kinko Hyo was developed by(...)
  • IDR
    The currency of Indonesia. Currency code (IDR)
  • IFO Busines Climate Index
    The IFO Business Climate Index is a monthly survey that measures the current business conditions of German firms (manufacturing, construction, wholesale and retail industries) and their business expectations six months ahead.The index is based on a on a 7,000 survey replies. Regarding the(...)
  • ILS
    The currency of Israel. Currency code (ILS)
  • IMF
    The International Monetary Fund (IMF) is an organization of 186 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It oversees the(...)
  • IMP
    The currency of the Isle of Man. Currency code (IMP)
  • Import Prices
    The import prices index follows the increase or decrease in the prices paid for goods imported to a host country. The figure is important in relation to the trade balance. Trade balance indicates the difference between exports and imports. Trade balance is one of the major compositions of a country
  • Imports
    Imports refer to goods and services purchased from another country. For instance, industrialized countries usually import oil from OPEC countries. The term
  • Imports - Australia
    Release schedule : 1:30 (GMT); monthly, in the fifth week following the reporting month.Revisions schedule : MonthlySource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5368.0
  • Indian Rupees
    The currency of India. Currency code (INR)
  • Indirect Quote
    An exchange rate quoted as the foreign currency per unit of domestic currency. The domestic currency is always denoted as 1 while the foreign currency is variable.
  • Indonesian Rupiahs
    The currency of Indonesia. Currency code (IDR)
  • Industrial Production - Japan
    Release schedule : 23:50 (GMT); monthly; one month after the reporting periodRevisions schedule : Final, revised figures come out two weeks after the preliminary report.Source of report : Ministry of Economy, Trade and Industry (METI)Web Address :(...)
  • Industrial Production And Capacity Utilization
    Industrial Production and Capacity Utilization (IPCU) is a measure of economic activity, released on a monthly basis by the United States Federal Reserve. The IPCU report for each month contains data for previous months (for example, June's report releases information on May) about the total(...)
  • Inflation
    Inflation is defined as the rise of the overall prices of goods and services over a certain period in time. This means that, as general level of prices climb, the purchasing power for each unit of currency declines. For example, there is inflation if one dollar can buy two candy bars in 2000(...)
  • Initial Jobless Claims
    The Initial Jobless Claims Report is a method of noticing changes in the employment market. This report is therefore an economic indicator, to some extent. It is provided by the Employment and Training Administration of the Department of Labor, and the report comes out for viewing on a(...)
  • Initial Margin
    The original deposit of collateral needed to enter in a trade.
  • INR
    The currency of India. Currency code (INR)
  • Interbank Rates
    The foreign exchange rates that large international banks quote to other large international banks. Fat chance you'd ever get access to this rate.
  • Interest Rate Differential
    In the foreign exchange market, the interest rate differential (IRD) refers to the difference in interest rates between two similar interest-bearing currencies. In the spot foreign exchange market, this pertains to the difference in interest rates in a pair. For example, if the Australian(...)
  • Interest Rate Parity
    The interest rate parity theory helps describe the relationship between foreign exchange rates and interest rates. According to the theory of interest rate parity (IRP) the difference in national interest rates for financial securities and derivatives of similar risk and maturities should be(...)
  • Interest Rate Risk
    The potential for losses arising from changes in interest rates.
  • Interest Rates
    A rate which a borrower pays for holding a lender
  • International Merchandise Trade Canada
    Release Schedule : 8:30 AM (EST); monthly, on the second week of each monthRevision Schedule: MonthlySource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • International Monetary Fund
    The International Monetary Fund (IMF) is an organization of 186 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It oversees the(...)
  • International Monetary Fund Special Drawing Rights
    The currency of the International Monetary Fund.(IMF) Currency code (XDR)
  • Intraday Position
    Open positions that are usually closed by the end of the trading day.
  • Inventories - Australia
    Release schedule: 1:30 (GMT); quarterly, three months after the reported quarter Source of report: Australian Bureau of Statistics Web Address: http://www.abs.gov.au/ Address of release: http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5676.0
  • Inverted Hammer
    A one candle bullish reversal pattern. In a downtrend, the open is lower, then it trades higher, but closes near its open.
  • Inverted Head And Shoulders
    An Inverted Head and Shoulders is a reversal pattern consisting of three lows with the Head represented as central low being the lowest peak of the pattern and the flanking peaks as the shoulders.The inverted head and shoulders represents a decline to a new low and a rally to immediate(...)
  • Investment Funds
    Investment management firms manage financial assets and funds of other institutions. They use the currency market to facilitate transactions in foreign securities. Aside from the international equity portfolio of firms, several new forex mutual funds have been created to allow investors to(...)
  • IPCU
    Industrial Production and Capacity Utilization (IPCU) is a measure of economic activity, released on a monthly basis by the United States Federal Reserve. The IPCU report for each month contains data for previous months (for example, June's report releases information on May) about the total(...)
  • IQD
    The currency of Iraq. Currency code (IQD)
  • Iranian Rials
    The currency of Iran. Currency code (IRR)
  • Iraq Dinars
    The currency of Iraq. Currency code (IQD)
  • IRD
    In the foreign exchange market, the interest rate differential (IRD) refers to the difference in interest rates between two similar interest-bearing currencies. In the spot foreign exchange market, this pertains to the difference in interest rates in a pair. For example, if the Australian(...)
  • Ireland
    Ireland is an island nation located in northwest region of Europe, right beside the United Kingdom. Interestingly, the island itself is split into two, the Republic of Ireland, and Northern Ireland, which is part of the United Kingdom. Ireland uses the euro as its currency, making it part of(...)
  • IRP
    The interest rate parity theory helps describe the relationship between foreign exchange rates and interest rates. According to the theory of interest rate parity (IRP) the difference in national interest rates for financial securities and derivatives of similar risk and maturities should be(...)
  • IRR
    The currency of Iran. Currency code (IRR)
  • ISK
    The currency of Iceland. Currency code (ISK)
  • Isle Of Man Pounds
    The currency of the Isle of Man. Currency code (IMP)
  • ISM
    The ISM Manufacturing Survey is used as an economic indicator of the market. It is felt that this survey is very important in determining what the market is likely to do, and it is published by the Institute for Supply Management, on a monthly basis. The report will indicate information from(...)
  • Ism Manufacturing Survey
    The ISM Manufacturing Survey is used as an economic indicator of the market. It is felt that this survey is very important in determining what the market is likely to do, and it is published by the Institute for Supply Management, on a monthly basis. The report will indicate information from(...)
  • Ism Non-Manufacturing Survey
    The ISM Non Manufacturing Survey provides for a detailed look at the economy from a non manufacturing standpoint. ISM, or Institute for Supply Management, provides this survey each month, based on the previous month
  • Israeli New Shekels
    The currency of Israel. Currency code (ILS)
  • Italy
    Italy, officially known as the Italian Republic, can be found in South-Central Europe. It is a unitary parliamentary republic whose capital is Rome. It is a founding member of the European Union and euro zone, and is a member of the http://www.babypips.com/forexpedia/G8 G8,(...)
  • Ivey Purchasing Managers Index
    A measure of the change in purchases made by corporate executives. Generally used to determine economic growth and measure business optimism. If the optimal economic conditions are predicted, businesses will spend more in order to accommodate future demand for goods and services.
  • Ivey Purchasing Managers Index - Canada
    Release Schedule : 10:00 AM (EST); monthly, on the fourth working day of the following monthSource of Report : Joint Sponsorship between the Purchasing Management Association of Canada and the Richard Ivey School of BusinessWeb Address : http://iveypmi.uwo.ca/english/welcomeeng.htmAddress of(...)
  • j

  • Jamaican Dollars
    The currency of Jamaica. Currency code (JMD)
  • Janet Yellen
    Current Chairperson of the U.S. Federal ReserveJanet Yellen holds a Ph. D. in Economics from Yale University, after having graduated summa cum laude from Pembroke College in Brown University in 1967. Her stint at the Fed started in 1977 when she worked as an economist for the Federal Reserve(...)
  • Japanese Consumer Confidence
    Release Schedule: 5:00 (GMT); monthly, in the middle of the month following the reporting month.Source of Report: The Cabinet Office ( Japan )Web Address: http://www.cao.go.jp/index-e.htmlAddress of Release: http://www.esri.cao.go.jp/en/stat/shouhi/0603shouhi-e.html
  • Japanese Housing Starts
    Release schedule : 5:00 (GMT); monthly, on the last day of the following month.Revisions schedule : Little or no revisions.Source of report : Ministry of Land, Infrastructure and Transport ( Japan )Web Address : http://www.mlit.go.jp/english/Address of release :(...)
  • Japanese Yen
    The currency of Japan. One of the major currencies traded. Currency code (JPY)
  • Jean-Claude Trichet
    Jean-Claude Trichet is the former President of the European Central Bank. Mr. Trichet came to the Presidency of ECB after serving as the President of Bank of France. With his continental confidence, Mr. Trichet had been able to communicate the ECB agenda with precision and much appreciated(...)
  • Jean-Pierre Roth
    Jean-Pierre Roth served as Chairman of the Swiss National Bank from March 1, 2006 until December 31, 2009. Mr Roth succeeded Nout Wellink, who served as Chairman of the Board and President of the Bank since March 2002. He was replaced by Philipp Hildebrand on January 1, 2010. Jean-Pierre Roth(...)
  • Jim Flaherty
    James Michael "Jim" Flaherty is Canada's current Minister of Finance. He previously served as Ontario's Minister of Finance and was the Member of Provincial Parliament for Whitby, Ajax. He was born in Lachine, Quebec in December 1949. He holds a Bachelor of Arts degree from Princeton(...)
  • JMD
    The currency of Jamaica. Currency code (JMD)
  • Jobber
    A person who trades for small profits rarely leaving a trade open overnight.
  • JOD
    The currency of Jordan. Currency code (JOD)
  • Jordan Dinars
    The currency of Jordan. Currency code (JOD)
  • Jose Manuel Barroso
    Jos
  • JPY
    The currency of Japan. One of the major currencies traded. Currency code (JPY)
  • k

  • Kathy Lien
    Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) (Hardcover) by Kathy Lien
  • Kazakstan Tenge
    The currency of Kazakstan. Currency code (KZT)
  • Keltner Channel
    The Keltner Channel is an indicator of market momentum. It was developed by Chester W. Keltner and introduced in his book
  • Kenyan Shillings
    The currency of Kenya. Currency code (KES)
  • KES
    The currency of Kenya. Currency code (KES)
  • KGS
    The currency of Kyrgyzstan. Currency code (KGS)
  • KHR
    The currency of Cambodia. Currency code (KHR)
  • Kiwi
    Slang for the New Zealand Dollar. Currency code (NZD)
  • KMF
    The currency of Comoros. Currency code (KMF)
  • KoF Leading Indicators - Switzerland
    Release schedule: 9:30am GMT (about 5:30am EST); monthly, in the last week of each monthSource of report: Konjunkturforschungsstelle Swiss Institute for Business Cycle ResearchWeb Address: http://www.kof.ethz.ch/ Address of release: http://www.kof.ethz.ch/
  • KPW
    The currency of North Korea. Currency code (KPW)
  • KRW
    The currency of South Korea. Currency code (KRW)
  • Kuwait Dinars
    The currency of Kuwait. Currency code (KWD)
  • KWD
    The currency of Kuwait. Currency code (KWD)
  • KYD
    The currency of the Cayman Islands. Currency code (KYD)
  • Kyrgyzstan Soms
    The currency of Kyrgyzstan. Currency code (KGS)
  • KZT
    The currency of Kazakstan. Currency code (KZT)
  • l

  • Labour Price Index - Australia
    Release schedule : 1:30 (GMT); quarterly, approximately a month and a half following end of reporting quarterSource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs@.nsf/mf/6345.0
  • LAK
    The currency of Laos. Currency code (LAK)
  • Laos Kips
    The currency of Laos. Currency code (LAK)
  • Latvia Lati
    The currency of Latvia. Currency code (LVL)
  • LBP
    The currency of Lebanon. Currency code (LBP)
  • Leading Economic Index - Japan
    Release schedule : 5:00 (GMT); monthly, in the first third of the month with a two month lag.Revisions schedule : Revisions are commonSource of report : Economic and Social Research Institute ( Japan )Web Address : http://www.esri.cao.go.jp/index-e.htmlAddress of release :(...)
  • Leading Indicators
    Leading indicators are used by traders to predict imminent changes in a market. Since leading indicators change before an actual market changes, traders consider them important as guidelines for investing wisely to take advantage of price events before they occur.In some cases, leading(...)
  • Leading Indicators - Canada
    Release Schedule : 8:30 AM (EST); monthly, around the 3 rd week of each monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • Leads and Lags
    Caused by an expected change in exchange rates. An expected increase in exchange rates may speed up transactions while an expected decrease may slow exchange rates.
  • Lebanon Pounds
    The currency of Lebanon. Currency code (LBP)
  • Lesotho Maloti
    The currency of Lesotho. Currency code (LSL)
  • Leverage
    A ratio of amount used in a transaction to the required deposit.
  • Liberia Dollars
    The currency of Liberia. Currency code (LRD)
  • LIBOR
    Stands for the London Inter-Bank Offered Rate. It is used as a reference rate by banks to borrow from other banks. It is the most widely accepted interest rates for forwards, futures and interest rate swap contracts. The British Bankers Association is the institution that sets LIBOR. It is(...)
  • Libya Dinars
    The currency of Libya. Currency code (LYD)
  • Limit Order
    An order with specified boundaries. Can be used to control how much profit and how much loss a trader is willing to handle.
  • Linear Regression Channel
    Linear regression is a statistical tool used to predict the future from past data. It is used to determine when prices are overextended. A Linear Regression trendline is simply a trendline drawn between two points using the least squares fit method. The trendline is displayed in the exact(...)
  • Liquidation
    Closing one position by opening a new transaction to offset it.
  • Liquidity
    In the Forex market, liquidity pertains to a currency pair's ability to be bought and sold without causing significant change in its exchange rate. A currency pair is said to have high level of liquidity when it is easily bought or sold and there is a significant amount of trading activity for(...)
  • Lithuania Litai
    The currency of Lithuania. Currency code (LTL)
  • LKR
    The currency of Sri Lanka. Currency code (LKR)
  • Long Candle
    A long candle represents a large move from open to close, where the length of the candle body is long.
  • Long Position
    A position that becomes beneficial as market price rises. A pair in which the base currency is bought is said to be long.
  • Long Term Trading
    Long term trading, otherwise known as position trading, refers to a trading style in which the trader will hold on to a position for an extended period of time. A position trade can last anywhere from a few weeks to a couple of years. Most long term trading traders rely heavily on fundamental(...)
  • Long-Legged Doji
    This candlestick has long upper and lower shadows with the Doji in the middle of the candle's trading range, clearly reflecting the indecision of traders.
  • Lot
    A unit of measurement that measures the amount of the transaction. It is always an integer number.
  • LRD
    The currency of Liberia. Currency code (LRD)
  • LSL
    The currency of Lesotho. Currency code (LSL)
  • LTL
    The currency of Lithuania. Currency code (LTL)
  • LVL
    The currency of Latvia. Currency code (LVL)
  • LYD
    The currency of Libya. Currency code (LYD)
  • m

  • M3 Supply - New Zealand
    Release schedule : 3:00 (GMT); monthly, at the end of the following monthSource of report : Reserve Bank of New ZealandWeb Address : http://www.rbnz.govt.nz/index.htmlAddress of release : http://www.rbnz.govt.nz/statistics/monfin/
  • Macau Patacas
    The currency of Macau. Currency code (MOP)
  • MACD
    Moving Average Convergence/Divergence, an indicator used in technical analysis that was invented in the 1970s as a means of showing the differences between both the fast and slow EMAs (Exponential Moving Average) of closing prices, although since 1986 the graph has been produced as a(...)
  • Macedonia Denars
    The currency of Macedonia. Currency code (MKD)
  • MAD
    The currency of Morocco. Currency code (MAD)
  • Madagascar Ariary
    The currency of Madagascar. Currency code (MGA)
  • Malawi Kwachas
    The currency of Malawi. Currency code (MWK)
  • Malaysia Ringgits
    The currency of Malaysia. Currency code(MYR)
  • Maldives Rufiyaa
    The currency of Maldives. Currency code (MVR)
  • Malta Liri
    The currency of Malta. Currency code (MTL)
  • Manufacturing PMI - United Kingdom
    Release schedule : 8:30 (GMT); monthly, on the first working day after the reporting month.Revisions schedule : Minor revisions are made monthly, going back 2 or 3 months.Source of report : Chartered Institute of Purchasing and Supply and NTC ResearchWeb Address : http://www.cips.orgAddress of(...)
  • Margin
    The necessary money needed to maintain a position. The required initial deposit of collateral to enter into a position or foreign exchange trade.
  • Margin Call
    A demand for additional funds to cover open trade positions.
  • Mario Draghi
    Mario Draghi is the current Governor of the ECB. Not only was he the former Italian central bank governor, he also held stints with the Italian Treasury, the European Economic and Financial Committee, the OECD, the Asian Development Bank, the BIS, and World Bank. Draghi finished his(...)
  • Mario Monti
    Mario Monti is the current Prime Minister of http://www.babypips.com/forexpedia/Italy Italy.Mario Monti graduated with a degree in economics and management from Bocconi University before pursuing graduate studies at Yale. He spent almost a decade in Brussels, not for Belgium's world-famous(...)
  • Mark Carney
    Current Governor of the Bank of England, former Governor of the Bank of Canada from 2008 to 2013.Mark Carney was born in Fort Smith, Northwest Territories in 1965. Carney received his bachelor's degree in economics from Harvard University in 1988, his master's degree in economics from Nuffield(...)
  • Mark To Market
    Setting all open positions to current market prices.
  • Market Maker
    A person who normally quotes both the buy and sell prices.
  • Market Order
    An order to make a transaction at the current market price.
  • Market Risk
    The chance of changes in market prices.
  • Marubozo
    A candlestick with no shadow extending from the body at either the open or close
  • Masaaki Shirakawa
    The Current Governor of the Bank of Japan.Masaaki Shirakawa was born in 1949. He graduated from the University of Tokyo with a degree in economics. Later, Shirakawa earned his master's degree from the University of Chicago in 1972. He returned to the Bank of Japan in 2008.
  • Maturity
    The date of settlement for a financial obligation.
  • Mauritania Ouguiyas
    The currency of Mauritania. Currency code (MRO)
  • Mauritius Rupees
    The currency of Mauritius. Currency code (MUR)
  • Maximum Trading Power
    Can be found by multiplying the maximum leverage ratio by the account value.
  • Mcclellan Oscillator
    The McClellan Oscillator is a technical analysis indicator for determining the behavior of an overall market, rather than the behavior of a single asset. The Oscillator was developed by Sherman and Marian McClellan for use with the New York Stock Exchange.The McClellan Oscillator is taken by(...)
  • MDL
    The currency of Moldova. Currency code (MDL)
  • Mechanical Trading
    A mechanical trading system is often touted as the end-all to Forex trading. Traders choose a system to follow and enter it into a program that will then pick starting and stopping points for trades as well as maintain a position, without requiring a trader be present to control those actions.(...)
  • Medium-Term Trading
    Medium-term traders hold positions for a few days, taking advantage of fundamental factors and technical setups. Compared to scalping and long-term trading, medium-term trading has the lowest capital requirements. However, there are fewer trade opportunities for this type of trading. This type(...)
  • Merchandise Trade Balance Monthly
    Release schedule : 23:50 (GMT); monthly, in the fourth week following the reporting month.Revisions schedule : Few or no revisionsSource of report : Ministry of Finance, Customs Office ( Japan )Web Address : http://www.mof.go.jp , http://www.customs.go.jpAddress of release :(...)
  • Mervyn King
    Mervyn King is the Governor of the Bank of EnglandA former professor at London School of Economics, Harvard educated Mr. King is perhaps the most successful member of the current group of central bankers. Implementing what many analysts view as the "Goldilocks" monetary policy that is neither(...)
  • Mexican Pesos
    The currency of Mexico. Currency code (MXN)
  • MGA
    The currency of Madagascar. Currency code (MGA)
  • Milliard
    European term for 1,000 million.
  • Mine and Yours
    Used by floor traders to signify buying and selling. Mainly used in forex trading.
  • Ministry Of Finance
    Japan's Ministry of Finance is part of the Japanese government's cabinet ministries. Established way back in the 6th century, this ministry has been responsible for managing the country's exchange rate policy and was in charge of public finance and other monetary affairs. In 1998 when the Bank(...)
  • MKD
    The currency of Macedonia. Currency code (MKD)
  • MMK
    The currency of Myanmar(Burma). Currency code (MMK)
  • MNT
    The currency of Mongolia. Currency code (MNT)
  • Moldova Lei
    The currency of Moldova. Currency code (MDL)
  • Momentum
    Momentum, in technical analysis, refers to the overall rate of change in the price of an asset. Momentum is calculated simply by taking the slope of the trendline, which tracks the price levels of an asset over time.Traders often take momentum as a measure of the volume of a market. If(...)
  • Monetary Policy
    Monetary policy refers to the process by which a monetary authority controls the money supply in the economy. Usually it is the central bank that carries out the task, adjusting the amount of money available in order to spur economic growth, stabilize prices and exchange rates, and promote(...)
  • Monetary Policy Committee
    The Monetary Policy Committee (MPC) is the voting committee of the http://www.babypips.com/forexpedia/Bank_of_England that decides the official benchmark interest rate of the U.K. They convene for two and a half days every month. The committee has 9 voting members, including the Bank of(...)
  • Money Management
    Money management is perhaps the least realized and most important weapon in a trader's arsenal. A large percentage of Forex traders fail because they don't have the concept of money management firmly in their grasp. In order to constantly wager hundreds or thousands of dollars, traders have to(...)
  • Money Supply
    Money supply is the total amount of money in circulation in the economy at a particular time. It is considered an important instrument in controlling inflation. There are three measures for money supply, namely M1, M2, and M3. M1 is a narrow measure of money
  • Mongolian Tugriks
    The currency of Mongolia. Currency code (MNT)
  • Moody
    Moody
  • MOP
    The currency of Macau. Currency code (MOP)
  • Morning Doji Star
    A three candle bullish reversal pattern that is very similar to the Morning Star. # The first candle is in a downtrend with a long black body. # The next candle opens lower with a Doji that has a small trading range. # The last candle closes above the midpoint of the first candle
  • Morning Star
    This is a bullish pattern signifying a potential bottom. A three candle bullish reversal pattern consisting of three candlesticks:# A long-bodied black candle extending the current downtrend# A short middle candle that gapped down on the open# A long-bodied white candle that gapped up on the(...)
  • Morocco Dirhams
    The currency of Morocco. Currency code (MAD)
  • Mortgage-backed Securities
    A mortgage-backed security is a claim on interest and principal payments from a pool of mortgage loans.After a borrower makes a mortgage loan, banks, mortgage companies, and other originators would usually combine the loan with other mortgage loans and sell it to governmental,(...)
  • Moving Average
    The average of prices over a given time. Can be used as a trading tool.
  • Moving Averages
    A moving average is one of the fundamental tools of technical analysis. The two most popular types are the simple moving average and the exponential moving average.The simple moving average is calculated by averaging market prices over a given period. For example, the twenty-day moving(...)
  • Mozambique Meticais
    The currency of Mozambique. Currency code (MZM)
  • MRO
    The currency of Mauritania. Currency code (MRO)
  • MTL
    The currency of Malta. Currency code (MTL)
  • MUR
    The currency of Mauritius. Currency code (MUR)
  • MVR
    The currency of Maldives. Currency code (MVR)
  • MWK
    The currency of Malawi. Currency code (MWK)
  • MXN
    The currency of Mexico. Currency code (MXN)
  • Myanmar(Burma) Kyats
    The currency of Myanmar(Burma). Currency code (MMK)
  • MYR
    The currency of Malaysia. Currency code(MYR)
  • MZM
    The currency of Mozambique. Currency code (MZM)
  • n

  • NAD
    The currency of Namibia. Currency code (NAD)
  • Namibia Dollars
    The currency of Namibia. Currency code (NAD)
  • National Australia Bank Business Survey
    Release schedule : 1:30 (GMT); Monthly and QuarterlySource of report : National Australia BankWeb Address : http://www.national.com.auAddress of release : http://www.national.com.au/Business_Solutions/0,,148,00.html
  • National Futures Association
    The National Futures Association (NFA) watches over the commodities and futures markets in the United States. As a regulatory agency, it protects investors from fraudulent commodities and futures activities. It aims to maintain investor confidence by developing rules, programs, and services(...)
  • Nationwide Consumer Confidence - United Kingdom
    Release schedule : 23:01 (GMT); monthly, on the Wednesday before the Monetary Policy Committee announces its Base Rate decisionSource of report : NationwideWeb Address : http://nationwide.co.uk/default.htmAddress of release : http://www.nationwide.co.uk/consumer_confidence/default.htm
  • Nationwide House Prices - United Kingdom
    Release schedule : 6:00 (GMT); Monthly, at the end of the reporting month.Revision schedule : Monthly data is not usually revisedSource of report : Nationwide Building SocietyWeb Address : http://www.communities.gov.uk/Address of release : http://www.nationwide.co.uk/hpi/review.htm
  • NBNZ Business Outlook
    Release Schedule : 13:00 (GMT); monthly (except on January), on the last day of the reporting periodSource of Report : National Bank of New ZealandWeb Address : http://www.nationalbank.co.nz/default.aspAddress of Release: http://www.nationalbank.co.nz/economics/outlook/
  • Nepal Nepal Rupees
    The currency of Nepal. Currency code (NPR)
  • Net Change In Employment - Canada
    Release Schedule : 7:00 AM (EST); monthly, at roughly the first week of the reporting monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Subjects/Labour/LFS/lfs-en.htm
  • Net Position
    The amount of currency bought or sold that hasn't been offset by opposite transactions.
  • Netherlands Antilles Guilder
    The currency of the Netherlands Antilles. Currency code (ANG)
  • New Home Sales
    New Home Sales, or New Residential Sales, is an economic indicator released by the US Census Bureau in report form on a monthly basis. The New Home Sales report offers data on new homes sold, expressed in thousands of homes and broken down by geographic region of the country. The report also(...)
  • New Housing Price Index - Canada
    Release Schedule : 8:30 AM (EST); monthly, one week after the reporting monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • New Zealand Dollars
    The currency of New Zealand. Currency code (NZD)
  • NFA
    The National Futures Association (NFA) watches over the commodities and futures markets in the United States. As a regulatory agency, it protects investors from fraudulent commodities and futures activities. It aims to maintain investor confidence by developing rules, programs, and services(...)
  • NFP
    An estimate of the number of payroll jobs at all nonfarm business establishments and government agencies. Information is also provided on the unemployment rate, average number of hours worked per week, and average hourly and weekly earnings. Nonfarm Payroll numbers are included in the monthly(...)
  • NGN
    The currency of Nigeria. Currency code (NGN)
  • Nicaragua Gold Cordobas
    The currency of Nicaragua. Currency code (NIO)
  • NIESR GDP Estimate - United Kingdom
    Release schedule : 23:01 (GMT); monthly, within 2 weeks of reporting month's endSource of report : National Institute of Economic and Social ResearchWeb Address : http://www.niesr.ac.ukAddress of release : http://www.niesr.ac.uk/gdp/gdpestimates.php
  • Nigeria Nairas
    The currency of Nigeria. Currency code (NGN)
  • NIO
    The currency of Nicaragua. Currency code (NIO)
  • NOK
    The currency of Norway. Currency code (NOK)
  • Nonfarm Payroll Employment
    An estimate of the number of payroll jobs at all nonfarm business establishments and government agencies. Information is also provided on the unemployment rate, average number of hours worked per week, and average hourly and weekly earnings. Nonfarm Payroll numbers are included in the monthly(...)
  • Nonfarm Productivity
    The measure of output per hour worked. If more output is produced, prices may be lower of the product. The higher the productivity, the better the economy. It is considered the most accurate gauge of overall business health.
  • North Korean Won
    The currency of North Korea. Currency code (KPW)
  • Norway Krone
    The currency of Norway. Currency code (NOK)
  • NPR
    The currency of Nepal. Currency code (NPR)
  • NZD
    Slang for the New Zealand Dollar. Currency code (NZD)
  • o

  • OCO
    The execution of one order automatically cancels a previous order. Also referred to as OCO or "one cancels the other".
  • Offer
    The price a dealer is willing to sell a currency.
  • Offered Market
    Situation in which offers are greater than bids.
  • Offsetting Transaction
    A transaction that cancels or eliminates all market risk in an open position.
  • Oil
    Oil is a substance that is used for power and energy in order to run all the machines that we humans use. It is normally referred to as petroleum. It is important for consumers because they depend on oil for everyday activities. Naturally, companies also need oil to run their machinery and(...)
  • Old Lady
    Slang for the Bank of England
  • Oman Rials
    The currency of Oman. Currency code (OMR)
  • OMR
    The currency of Oman. Currency code (OMR)
  • One Cancels Other Order
    The execution of one order automatically cancels a previous order. Also referred to as OCO or "one cancels the other".
  • Open Order
    An order that will be executed when a specified market price is reached.
  • Open Position
    An active trade that has yet to be closed.
  • Operation Twist
    Operation Twist pertains to the Federal Reserve's action to sell short-term US Treasury bonds and invest the proceeds into long-term US Treasury bonds. In September 2011, the Federal Reserve implemented Operation Twist in order to lower long-term interest rates. Lower interest rates would(...)
  • Order
    A request for a trade to be executed.
  • Organization of the Petroleum Exporting Countries
    The Organization of the Petroleum Exporting Countries, also known as "OPEC," is an intergovernmental organization of 12 oil-exporting countries that coordinates the petroleum policies of its members. Its mission is also to ensure the stabilization of the oil markets to secure a regular and(...)
  • OsMA
    OsMA is the abbreviation used to express a function of Oscillator within technical analysis, OsMA standing for Oscillator - Moving Average (or sometimes Oscillator - Moving Average of Oscillator.)Oscillator itself is an indicator that allows the demonstration of the relationship between any(...)
  • Outright Forward
    Foreign exchange transaction involving either the purchase or the sale of a currency for settlement at a future date.
  • Over The Counter
    A market conducted directly between dealers and principals via a telephone and computer network rather than a regulated exchange trading floor. Stocks of small companies, bonds, and other securities that aren
  • Overnight Position
    A position that stays open until the next trading day.
  • p

  • PAB
    The currency of Panama. Currency code (PAB)
  • Pakistani Rupees
    The currency of Pakistan. Currency code (PKR)
  • Panama Balboa
    The currency of Panama. Currency code (PAB)
  • Papua New Guinea Kina
    The currency of Papua New Guinea. Currency code (PGK)
  • Parabolic SAR
    The parabolic SAR (short for Stop And Reverse) is a very complicated predictive algorithm designed to establish a trailing stop-loss level for asset markets that follow strong bullish or bearish trends. The algorithm was introduced by J. Welles Wilder, Jr. in his 1978 book,
  • Paraguay Guarani
    The currency of Paraguay. Currency code (PYG)
  • Parity
    Parity occurs in the Forex market when two currencies are of equal value. The exchange rate is equal to 1.
  • PBOC
    The People's Bank of China (PBOC)is the monetary policy and financial institution regulator for the People's Republic of China. http://www.pbc.gov.cn/publish/english/963/index.html - Official Site of the PBoC
  • PCE Price Index
    Personal Consumption Expenditure, or PCE, is an inflation index similar to the Consumer Price Index. In the United States, it is released by the Bureau of Economic Analysis of the Department of Commerce and it is the preferred gauge of inflation by the Federal Reserve.
  • PEN
    The currency of Peru. Currency code (PEN)
  • Pending Home Sales
    The measurement of signed real estate contracts for existing co-ops, condos, and single-family homes. This data can be used as a leading indicator of future home-sales as signed contracts are not counted until the final closing transactions have been made. On average, this happens 1 or 2(...)
  • Pennants
    A Pennant is usually a method of pattern trading based on a continuation pattern. Continuation patterns also include Ascending Triangles, Descending Triangles, Wedges, Flags, Symmetrical Triangles and Pennants and are essentially technical patterns that are expected to lead to the continuation(...)
  • People's Bank Of China
    The People's Bank of China (PBOC)is the monetary policy and financial institution regulator for the People's Republic of China. http://www.pbc.gov.cn/publish/english/963/index.html - Official Site of the PBoC
  • Performance Of Manufacturing Index - New Zealand
    Release schedule : 23:30 (GMT); monthly; shortly after the reporting periodSource of report : Business New ZealandWeb Address : http://www.businessnz.org.nz/Address of release : http://www.businessnz.org.nz/issues/202
  • Personal Consumption Expenditures
    Money spent for products and services meant for individual consumption.
  • Personal Income And Spending
    Personal Income and Spending, also known as Personal Income and Consumption, is a report generated by the Department of Commerce's Bureau of Economic Analysis on consumer spending habits and income levels in the US. The report is released at the first of the month and includes data for two(...)
  • Peruvian Nuevos Soles
    The currency of Peru. Currency code (PEN)
  • Petrodollars
    All oil purchases from OPEC must be paid in U.S. dollars. If Mexico wants to buy oil, it has to sell its local currency and buy U.S. dollars, then use those dollars to buy oil from OPEC.Any country that buys oil from OPEC must do so using petrodollars. Petrodollars are also known as petrocurrency.
  • PGK
    The currency of Papua New Guinea. Currency code (PGK)
  • Philadelphia Fed Index
    The Philadelphia Federal Index (also known as the Philadelphia Fed Index, or the Business Outlook Survey) is a report published monthly by the Federal Reserve Bank of Philadelphia, dealing with the level of expansion or contraction within the manufacturing industry. The survey is released(...)
  • Philipp Hildebrand
    Philipp Hildebrand is a former Chairman of the Swiss National Bank. He replaced Jean-Pierre Roth, who had served as the head of the central bank from 2006 to 2011. In 2003, Hildebrand joined the Governing board of the SNB, where he was appointed as the Head of Department III, putting him in(...)
  • PHP
    The currency of The Philippines. Currency code (PHP)
  • Piercing Line
    A bullish two candle reversal pattern. During a downtrend: # The first candle is a long bear candle followed by a long bull candle. # The bull candle opens lower than the bear's low but closes more than halfway above the middle of the bear candle's body. This is a warning sign for sellers(...)
  • PIIGS
    PIIGS is an acronym that was first used during the 1990's to refer to the southern nations that are part of the eurozone. The nations are the following: Portugal, Italy, Ireland, Greece, and Spain. The term became popular during the 2007-2010 financial crisis, as these economies had high(...)
  • Pip
    The most common increment of currencies is know as the "pip." It is the smallest value change in a currency pair exchange rate.For instance, if the EUR/USD moves from 1.2250 to 1.2251, that is ONE pip. A pip is the last decimal place of a quotation. A positive or negative pip value is how you(...)
  • Pivot Points
    Pivot points are a fundamental term used in technical analysis. A pivot point represents the point at which the overall trend in price changes.All of asset trading revolves around capitalizing on price trends as closely as possible to the beginning of the trend, in order to take full(...)
  • PKR
    The currency of Pakistan. Currency code (PKR)
  • PLN
    The currency of Poland. Currency code (PLN)
  • Polish Zlotych
    The currency of Poland. Currency code (PLN)
  • Political Risk
    Risk affected by governmental actions that will have a negative effect on a trader's position.
  • Portugal
    Portugal, officially known as the Portuguese Republic, is a European country located on the Iberian Peninsula. It became a member of the European Union (EU) in 1986 and joined the Economic and Monetary Union of the European Union (EMU) in 1998. Along with 10 other European countries, it(...)
  • Position
    The net total exposure in a given currency. A position can be either flat or square (no exposure), long (more currency bought than sold), or short (more currency sold than bought).
  • Position Trading
    A position trader can be compared to a squatter who sets up a tent in the middle of a crowded shopping mall, letting people pass by and stare but remaining relatively untouched by them until the authorities come in to shoo him off. Since position trading involves staying in one position for(...)
  • PPI
    The Producer Price Index, or PPI, is a monthly report released by the Bureau of Labor and Statistics detailing the purchasing price of various consumer goods. The report is released in the second week of every month and includes data on the previous month (for example, June's report includes(...)
  • PPP
    The Purchasing Manager Index (PMI) assesses the business conditions of the manufacturing and service sectors of a country. The PMI is used to measure the change in the spending of business firms. About 500 purchasing managers are asked to grade the relative level of business conditions(...)
  • Premium
    Amount in which the forward price has exceeded the current market price.
  • Price Action
    Price action refers to a security's price movement. It can be represented in terms of charts, graphs, and tables.The study of price action is often referred to as [http://www.babypips.com/forexpedia/Technical_Analysis technical analysis.
  • Price Transparency
    A description of quotes in which every body in the market has equal access.
  • Principal Value
    Original amount invested by an individual.
  • Producer And Import Prices - Switzerland
    Release schedule : 7:15 (GMT); monthly, 2 weeks after the reporting periodRevisions schedule : Little or no revisionsSource of report : Swiss Federal Statistical OfficeWeb Address : http://www.bfs.admin.ch/bfs/portal/en/index.htmlAddress of release : Unknown
  • Producer Price Index
    The Producer Price Index, or PPI, is a monthly report released by the Bureau of Labor and Statistics detailing the purchasing price of various consumer goods. The report is released in the second week of every month and includes data on the previous month (for example, June's report includes(...)
  • Producer Price Index (PPI) - Australia
    Release schedule : 1:30 (GMT); quarterly, on approximately the 20 th of the month following the end of the reporting quarterSource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/ Address of release : http://www.abs.gov.au/ausstats/abs@.nsf/mf/6427.0
  • Producer Price Index - Euro-Zone
    Release Schedule: 11:00 (GMT); monthly, near the middle of each month, with previous month's dataSource of Report: EurostatWeb Address : http://ec.europa.eu/eurostatAddress of release : http://ec.europa.eu/comm/eurostatEuro-Indicators "Industry, Commerce and Services" Industrial domestic(...)
  • Producer Price Index Input - United Kingdom
    Release schedule : 8:30 (GMT); quarterlySource of report : U.K. Office of National StatisticsWeb Address : http://www.statistics.gov.uk/Address of release : http://www.statistics.gov.uk/instantfigures.asp
  • Producer Price Index Output - United Kingdom
    Release schedule : 8:30 (GMT); quarterlySource of report : U.K. Office of National StatisticsWeb Address : http://www.statistics.gov.uk/Address of release : http://www.statistics.gov.uk/instantfigures.asp
  • Profit/Loss
    The actual gain or loss due to transactions and market activities.
  • Psychology
    Psychology in Forex is almost as important as the money that traders invest in the market. Without the proper mind-set, trading can be intimidating and confusing. Those who lose the most money in the market are those who don't grasp this fundamental truth. Thought is reality here. Emotions(...)
  • Purchasing Managers Index
    The Purchasing Manager Index (PMI) assesses the business conditions of the manufacturing and service sectors of a country. The PMI is used to measure the change in the spending of business firms. About 500 purchasing managers are asked to grade the relative level of business conditions(...)
  • Purchasing Power Parity
    The Purchasing Power Parity (PPP) is a theory that states that the foreign exchange rate between two countries should be equal to the ratio between their respective prices of a fixed basket of goods. When this holds true, the exchange rate is said to be in equilibrium. For instance, if a Big(...)
  • PYG
    The currency of Paraguay. Currency code (PYG)
  • q

  • QAR
    The currency of Qatar. Currency code (QAR)
  • Qatar Rials
    The currency of Qatar. Currency code (QAR)
  • Quantitative Analysis
    Essentially, the trading concept of Quantitative Analysis involves the process of applying a business or financial technique that seeks to understand behavior within the currency market by applying a complex system of mathematical and statistical modeling, along with measuring of market values(...)
  • Quantitative Easing
    Central banks
  • Quote
    Informs every market individual of market prices.
  • Quote Currency
    The second currency in a currency pair. Also known as the Counter currency
  • r

  • Rally
    An increase of price after a period of decline.
  • Range
    The difference of the highest and lowest price in a given trading period.
  • Rate
    The price of one currency in terms of another currency.
  • Rate Of Change
    Rate of change is an indicator used in technical analysis. The basic logic behind ROC is the same logic that underlies momentum: the change in price levels over time, or the slope of the trendline. However, ROC differs from momentum in the focus traders place on the time period used to(...)
  • Raw Materials Price Index (RMPI)
    Release Schedule : 8:30AM (EST) roughly 30 days after the reporting monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • RBA
    The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Policy decisions are made by the Reserve Bank Board, with the objective of achieving low and stable inflation over the medium term. The Reserve Bank of Australia is the institution responsible for managing Australian(...)
  • Rba Rate Decision
    Release Schedule : 23:30 (GMT); The Board normally meets eleven times each year, on the first Tuesday of the month except in January.Source of Report : Reserve Bank of AustraliaWeb Address : http://www.rba.gov.auAddress of Release : http://www.rba.gov.au/Statistics/cashrate_target.html
  • RBNZ
    The Reserve Bank of New Zealand is New Zealand's central bank, and its overall purpose is to maintain the stability and efficiency of the financial system. The Reserve Bank of New Zealand is the institution responsible for managing New Zealand
  • RBNZ Rate Decision - New Zealand
    Release schedule : 8 times a yearSource of report : Reserve Bank of New ZealandWeb Address : http://www.rbnz.govt.nz/index.htmlAddress of release : http://www.rbnz.govt.nz/monpol/statements/0090630.html
  • Recession
    The newspaper definition of a recession is when the GDP rate declines by 2 or more consecutive quarters. The problem with this definition is that it makes it more difficult to say whether the economy is in a recession or not. This definition does not take into account other macroeconomic(...)
  • Rectangles
    A Rectangle is a method of pattern trading based on a continuation pattern. Continuation patterns also include Ascending Triangles, Descending Triangles, Wedges, Flags, Symmetrical Triangles and Pennants and are essentially technical patterns that are expected to lead to the continuation of an(...)
  • Referendum
    The process of asking the general public to vote on a political decision. It is also known as a "plebiscite," or a vote on a ballot question.
  • Relative Strength Index
    Relative Strength Index, sometimes shortened to RSI, is a price oscillator used in technical analysis to show changes in the strength of prices.The Relative Strength Index is considered a popular tool and is a relatively easy one to interpret. This price following oscillator is depicted as a(...)
  • Relative Vigor Index
    Relative Vigor Index (RVI) is a technical indicator used to establish the level of energy, or vigor within the current market. When the market is up (bull), the closing price is generally of a higher level than the opening price of the market, with the opposite being true for a down (bear)(...)
  • Reserve Bank Of Australia
    The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Policy decisions are made by the Reserve Bank Board, with the objective of achieving low and stable inflation over the medium term. The Reserve Bank of Australia is the institution responsible for managing Australian(...)
  • Reserve Bank Of New Zealand
    The Reserve Bank of New Zealand is New Zealand's central bank, and its overall purpose is to maintain the stability and efficiency of the financial system. The Reserve Bank of New Zealand is the institution responsible for managing New Zealand
  • Reserve Requirement Ratio
    The ''reserve requirement ratio'' (RRR) or cash reserve ratio (CRR) is the percentage of customer deposits and other liquid assets that commercial banks must store, within it's own institution or with the central bank. The RRR is set by the central bank to ensure that commercial banks have(...)
  • Resistance
    An estimated price level at which people will sell.
  • Retail Sales
    An estimate of the total sales of goods by all retail establishments in the U.S. (Sales of services are not included) for month prior to the release of the report. Data are presented in nominal, or current, dollars, meaning they are not adjusted for inflation. However, the data are adjusted(...)
  • Retail Sales - Canada
    Release Schedule : Released mid-month at 8:30AM Eastern TimeRevision Schedule: Monthly (with the next report)Source of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • Retail Sales - Euro-Zone
    Release schedule : 9:00 (GMT); monthly, one month following the reporting monthRevisions schedule : Data is revised monthly to adjust for previously unavailable data from some member countriesSource of report : EurostatWeb Address : http://ec.europa.eu/eurostatAddress of release :(...)
  • Retail Sales - Japan
    Release schedule : 23:50 (GMT); monthly, one month after the reporting periodRevisions schedule : Little or no revisionsSource of report : Ministry of Economy, Trade and Industry ( Japan )Web Address : http://www.meti.go.jp/english/index.htmlAddress of release :(...)
  • Retail Sales - United Kingdom
    Release schedule : QuarterlyRevision schedule : QuarterlySource of report : U.K. Office of National StatisticsWeb Address : http://www.statistics.gov.uk/Address of release : http://www.statistics.gov.uk/instantfigures.asp
  • Retail Trade (Retail Sales) - New Zealand
    Release Schedule : 22:45 (GMT); monthly/quarterly, 2 weeks after each reporting period, with a more in-depth report released every QuarterSource of Report : Statistics New ZealandWeb Address : http://www.stats.govt.nz/default.htmAddress of Release(...)
  • Retail Trade - Australia
    Release schedule : 22:45 (GMT); monthly, roughly 30 days following the end of the reporting monthSource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs@.nsf/mf/8501.0
  • Revaluation
    An increase in price due to central bank activity.
  • Reverse Repo
    A reverse repurchase agreement involves the purchase of securities with the promise to sell them at a higher price at a future date. For the buyer of the securities, it is a way to lend money and get paid with interest in the future. The securities serve as collateral for the loan. Conversely,(...)
  • Reward-To-Risk Ratio
    The reward-to-risk ratio measures a trade's expected returns against its predetermined risk of loss.The ratio is computed by dividing the profit that a trade is expected to yield by the loss that the trade may incur.For instance, let's say that trader ABC expects to make $100 by buying(...)
  • RICS House Price Balance - United Kingdom
    Release schedule : 23:30 (GMT); Monthly, in the middle of the following month.Revision schedule : Few or no revisionsSource of report : Royal Institution of Chartered Surveyors (RICS)Web Address : http://www.rics.org/Address of release:(...)
  • Rightmove House Prices Index
    The Rightmove house prices index measures the change in prices of homes for sale based on sellers' asking prices. Investors use it to gauge the health of the housing industry as rising house prices often indicates a healthy demand for homes. Because it is based on asking prices and not actual(...)
  • Rising Wedge
    A rising wedge is a common chart pattern in technical analysis. The rising wedge is formed by drawing two ascending trendlines, one representing high prices and one representing low prices for an asset. The slope of the trendline representing the highs is lower than the slope of the(...)
  • Risk
    A chance in which an effect will occur. Mainly used as a negative effect.
  • Risk Appetite
    Risk appetite is a gauge of how "risk-hungry" traders are. If risk sentiment is up and times are good, risk appetite picks up and trader are more willing to invest in higher-yielding and/or potentially more volatile assets.In the http://www.babypips.com/ forex market, this normally means that(...)
  • Risk Aversion
    Risk aversion refers to when traders unload their positions in higher-yielding assets and move their funds in favor of safe-haven currencies. This normally happens in times of uncertainty and high volatility. In the http://www.babypips.com/ forex market, currencies who have relatively higher(...)
  • Risk Capital
    Amount of money a person is willing to lose.
  • Risk Management
    The process and ability to limit and eliminate various types of risk.
  • ROC
    Rate of change is an indicator used in technical analysis. The basic logic behind ROC is the same logic that underlies momentum: the change in price levels over time, or the slope of the trendline. However, ROC differs from momentum in the focus traders place on the time period used to(...)
  • ROL
    The currency of Romania. Currency code (ROL)
  • Rollover
    Rollover is the interest paid or earned by a trader for holding a position overnight. Since every currency trade involves borrowing one currency to buy another, interest rollover charges are part of FX trading. Interest is paid on the currency that is borrowed, and earned on the one that is(...)
  • Romanian Lei
    The currency of Romania. Currency code (ROL)
  • Round Trip
    The buying and selling of a specified amount of currency.
  • RSI
    Relative Strength Index, sometimes shortened to RSI, is a price oscillator used in technical analysis to show changes in the strength of prices.The Relative Strength Index is considered a popular tool and is a relatively easy one to interpret. This price following oscillator is depicted as a(...)
  • RUR
    The currency of Russia. Currency code (RUR)
  • Russian Rubles
    The currency of Russia. Currency code (RUR)
  • RVI
    Relative Vigor Index (RVI) is a technical indicator used to establish the level of energy, or vigor within the current market. When the market is up (bull), the closing price is generally of a higher level than the opening price of the market, with the opposite being true for a down (bear)(...)
  • Rwanda Rwanda Francs
    The currency of Rwanda. Currency code (RWF)
  • RWF
    The currency of Rwanda. Currency code (RWF)
  • s

  • S&P
    Standard and Poor
  • Sadakazu Tanigaki
    Sadakazu Tanigaki is the Japan Finance Minister, taking office on September 20th, 2004.Mr. Tanigaki has previously held positions as the chairman of the National Public Safety Commission and Industrial Revival minister in Prime Minister Junichiro Koizumi's previous cabinet.
  • Safe Haven
    These are Assets that are considered relatively low-risk investments and are usually bought up in times of uncertainty. They are typically low-paying but are deemed stable by market participants.Two of the most popular safe haven assets in the forex market are the(...)
  • Saint Helena Pounds
    The currency of Saint Helena. Currency code (SHP)
  • Same Day Transaction
    A transaction in which the transaction matures in the same trading day.
  • Samoa Tala
    The currency of Samoa. Currency code (WST)
  • Sao Tome, Principe Dobras
    The currency of Sao Tome, Principe. Currency code (STD)
  • SAR
    The currency of Saudi Arabia. Currency code (SAR)
  • Saudi Arabia Riyals
    The currency of Saudi Arabia. Currency code (SAR)
  • SBD
    The currency of the Solomon Islands. Currency code (SBD)
  • Scalping
    Scalping or short-term trading involves making dozens or hundreds of trades a day, trying to scalp a small profit from each trade by exploiting the bid-ask spread.Scalping works because not all currency pairs remain on the move at all times. Scalpers generate profits from these non-moving(...)
  • SCR
    The currency of Seychelles. Currency code (SCR)
  • SDD
    The currency of Sudan. Currency code (SDD)
  • SDR
    Special Drawing Right. A standard basket of five major currencies in fixed amounts as defined by the IMF.
  • Seborga Luigini
    The currency of Seborga. Currency code (SPL)
  • SEK
    The currency of Sweden. Currency code (SEK)
  • Sentiment Analysis
    Sentiment Analysis is the art of not following the bandwagon. It effectively focuses on identifying the patterns of movement investors take on a subjective basis. The theory goes that when a crowd is leaning too far in one direction, it is a sign that a change is about to occur.Traders who(...)
  • Services PMI - United Kingdom
    Release schedule : 8:30 (GMT); monthly, on the first working day after the reporting month.Revisions schedule : Minor revisions are made monthly, going back 2 or 3 months.Source of report : Chartered Institute of Purchasing and Supply and NTC ResearchWeb Address : http://www.cips.orgAddress of(...)
  • Settlement
    Actual physical exchange of one currency for another.
  • Settlement Period
    Time allotted in which it takes the two parties of a transaction to satisfy the transaction's obligations.
  • Settlement Risk
    The chance that one of the two parties of a transaction cannot fulfill the terms of the transaction. May lead to principal risk.
  • Seychelles Rupees
    The currency of Seychelles. Currency code (SCR)
  • SGD
    The currency of Singapore. Currency code (SGD)
  • Sh?ichi Nakagawa
    The current Minister of Finance of Japan.Sh?ichi Nakagawa was born in Hokkaid?, Japan in 1953. He graduated from the law faculty of the University of Tokyo in 1978. Nakagawa has previously held the posts of Minister of Economy, Trade and Industry and Minister of Agriculture, Forestry and Fisheries.
  • Shadow
    When referring to candlesticks:The thin lines poking above and below the body display the high/low range and are called shadows.The top of the upper shadow is the
  • Sharpe Ratio
    Derived by William Sharpe in 1966, the Sharpe ratio describes how much excess return you receive for the added volatility that you tolerate for holding on to a risky asset.It is calculated this way:S(x) = (rx-Rf)/StdDev(x)where:x = investmentrx= ave. rate of return of xRf= best available rate(...)
  • Shooting Star
    A single candle pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish. A shooting star can mark a top but is often retested.
  • Short Position
    A position in which the base currency is sold. It is beneficial when a price declines.
  • Short Squeeze
    A short squeeze happens when there is excess demand and a lack of supply for a particular financial security. What happens is that due to the excess demand, prices continue to rise rapidly. Traders holding short positions try to cover their positions (i.e. close their positions), which can(...)
  • SHP
    The currency of Saint Helena. Currency code (SHP)
  • Sierra Leone Leones
    The currency of Sierra Leone. Currency code (SLL)
  • Singapore Dollars
    The currency of Singapore. Currency code (SGD)
  • SIT
    The currency of Slovenia. Currency code (SIT)
  • SKK
    The currency of Slovakia. Currency code (SKK)
  • Slippage
    The difference between the expected fill price and the actual fill price.High probably of slippage may occur in highly volatile markets (i.e. during news or economic releases.)
  • SLL
    The currency of Sierra Leone. Currency code (SLL)
  • Slovakia Koruny
    The currency of Slovakia. Currency code (SKK)
  • Slovenia Tolars
    The currency of Slovenia. Currency code (SIT)
  • SNB
    The Swiss National Bank conducts the country
  • SNB Quarterly Monetary Policy Assessment
    Release schedule : Whenever the bank feels like itSource of report : Swiss National BankWeb Address : http://www.snb.ch/e/index3.htmlAddress of release : http://www.snb.ch/e/publikationen/publi.html
  • SNB Three-Month Target Libor Rate
    Release schedule : Whenever the bank feels like itSource of report : Swiss National BankWeb Address : http://www.snb.ch/e/index3.htmlAddress of release : http://www.snb.ch/e/geldpolitik/geldpol.html
  • Society For Worldwide Interbank Telecommunications
    Belgian-based company that provides the global electronic network for settlement of most forex transactions. Also known as SWIFT.
  • Solomon Islands Dollars
    The currency of the Solomon Islands. Currency code (SBD)
  • Somalia Shillings
    The currency of Somalia. Currency code (SOS)
  • SOS
    The currency of Somalia. Currency code (SOS)
  • South African Rand
    The currency of South Africa. Currency code (ZAR)
  • South Korean Won
    The currency of South Korea. Currency code (KRW)
  • Sovereign Debt
    Sovereign debt is a financial liability of a national government. Sovereign debt usually refers to bonds which are denominated in foreign currencies. National governments are usually forced to take on sovereign debt when inflation is high or when exchange rates are unstable. Because the debt(...)
  • Spain
    Spain, officially the Kingdom of Spain, is located in Southwestern Europe, bordering the Mediterranean Sea, North Atlantic Ocean, Bay of Biscay, and Pyrenees Mountains.In 1999 Spain joined the http://www.babypips.com/forexpedia/European_Monetary_Union (EMU) and adopted the euro in place of its(...)
  • Speculating
    In the financial world, speculating can be described as the act of making an investment in a financial asset, hoping to make a profit when the asset appreciates (or depreciate, when short selling)over time. In layman's terms, a speculator will aim to "buy low and sell high (or sell high and(...)
  • Spinning Top
    Candlesticks that have small bodies with upper and lower shadows that exceed the length of the body. A very good reversal signal and can be any color. Spinning tops signal indecision. The smaller the body, the less direction the market has.
  • SPL
    The currency of Seborga. Currency code (SPL)
  • Spot Price
    Also known as the current market price.
  • Spot Trade
    The transaction of a currency or commodity for immediate delivery.
  • Spread Betting
    Spread betting is a type of speculation on the outcome of an event that involves betting on the price movement of an asset. A spread betting broker quotes prices for the bid and offer/spread, traders bet whether the underlying stock price will be lower than the bid or higher than the spread.(...)
  • Squawk Box
    A speaker connected to a phone on a broker's desk.
  • SRG
    The currency of Suriname. Currency code (SRG)
  • Sri Lanka Rupees
    The currency of Sri Lanka. Currency code (LKR)
  • Stagflation
    As the name suggests, stagflation is a period in time when there is a combination of high inflation and economic stagnation. In essence, it is characterized by rising unemployment and declining business production while the prices of goods and services get higher. Both stagnation and inflation(...)
  • Standard & Poor's
    Standard and Poor
  • STD
    The currency of Sao Tome, Principe. Currency code (STD)
  • Sterling
    Slang for the British Pound. Currency code (GBP)
  • Stick Sandwich
    A bullish reversal pattern with two black bodies surrounding a white body. The closing prices of the two black bodies must be equal. A support price is apparent and the opportunity for prices to reverse is quite good.
  • Stochastic
    Stochastic is an indicator used in technical analysis. Stochastic compares closing prices in a market to the high and low prices for that market over a certain period of time.Stochastic is calculated by taking the lowest low price and the highest high price for a number of previous trading(...)
  • Stocks
    Stocks or equities refer to partial ownership of a company's assets and profits. If you own a stock of a particular company, you are entitled to a proportional share of its profits. Stocks of companies can be bought and sold in stock markets, such as the New York Stock Exchange.
  • Stocky
    Slang for Swedish Krona.
  • Stop Order
    An order sent to a broker which becomes a market order when the market reaches the specific price stated. In volatile (or fast) markets, slippage may occur.Stop orders are normally used to take the trader out of a trade in the event the market goes against his/her position.
  • Stop-Loss Order
    A limit order in which a trade is closed when a specified price is reached causing a loss. Used to limit amount of losses in trades.
  • Strategists
    Strategists are traders who anticipate upcoming reports and their impact on price action. They usually trade the news and come up with trade setups based on whether they think the actual figures will come in worse or better than expected. Because of that, strategists are a good source of trade(...)
  • Sudan Dinars
    The currency of Sudan. Currency code (SDD)
  • Supply And Demand
    Supply refers to the amount of an asset that is available while demand is the quantity of an asset that people are willing to buy. As supply of an asset increases, its value declines. Conversely, as supply of an asset decreases, its value rises. As demand for an asset increases, its value(...)
  • Support
    A level at which a currency has trouble falling below.
  • Support Level
    A price level at which buying is expected to take place.
  • Support levels
    Indicates a certain price high and low at which a given exchange rate will correct itself.
  • Suriname Guilders
    The currency of Suriname. Currency code (SRG)
  • Surplus
    Excess in the balance of trade, balance of payments, or government budgets.
  • Survey Of Manufacturing - Canada
    Release Schedule : 8:30 AM (EST); monthly, in the middle of each monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Release/index.htm
  • SVC
    The currency of El Salvador. Currency code (SVC)
  • SVME Manufacturing PMI
    Release schedule : 7:30 (GMT); monthly, on the first business day of the following monthRevisions schedule : Revisions for the past few releases usually occur every month.Source of report : Swiss Association of Purchasing and Materials ManagementWeb Address : http://www.svme.ch/ Address of(...)
  • Swap
    The simultaneous buying and selling of the same amount of a given currency at a forward exchange rate.
  • Swaziland Emalangeni
    The currency of Swaziland. Currency code (SZL)
  • Swedish Kronor
    The currency of Sweden. Currency code (SEK)
  • Sweeping
    The process of converting Profits and Losses in another currency into U.S. dollars at the end of each trading day.
  • SWIFT
    Belgian-based company that provides the global electronic network for settlement of most forex transactions. Also known as SWIFT.
  • Swing Trading
    Traders who can react quickly to market changes, including at-home and day traders, benefit from swing trading, which is a trade strategy that involves holding a position for longer than a day. If a trade seems to be going sour, swing traders can exit the market before losing too much money.(...)
  • Swiss Francs
    The currency of Switzerland. One of the major currencies traded. Currency code (CHF)
  • Swiss Industrial Production
    Release schedule : 7:15 (GMT); quarterlyRevisions schedule : Revisions can be significantSource of report : Swiss Federal Statistical OfficeWeb Address : http://www.bfs.admin.ch/bfs/portal/en/index.html Address of release :(...)
  • Swiss National Bank
    The Swiss National Bank conducts the country
  • Swissy
    Slang for the Swiss franc. Currency code (CHF)
  • Symmetrical Triangle
    A Symmetrical Triangle is a method of pattern trading based on a continuation pattern. Continuation patterns also include Ascending Triangles, Descending Triangles, Wedges, Flags, Rectangles and Pennants and are essentially technical patterns that are expected to lead to the continuation of(...)
  • SYP
    The currency of Syria. Currency code (SYP)
  • Syria Pounds
    The currency of Syria. Currency code (SYP)
  • SZL
    The currency of Swaziland. Currency code (SZL)
  • t

  • Taiwan New Dollars
    The currency of Taiwan. Currency code (TWD)
  • Tajikistan Somoni
    The currency of Tajikistan. Currency code (TJS)
  • Take Profit
    An order used by currency traders to automatically close their position once a certain profit has been made. Although it halts any further advance in profit, it guarantees a specific profit after a level has been hit.
  • Tankan Survey - Japan
    Release Schedule: 23:50 (GMT); quarterly, on the first Monday after the period Source of Report: Bank of Japan Web Address: http://www.boj.or.jp/en/index.htm Address of Release: http://www.boj.or.jp/en/theme/research/stat/tk/index.htm#r
  • Tanzania Shillings
    The currency of Tanzania. Currency code (TZS)
  • Technical Analysis
    Technical Analysis is one more system for investors to strategize their trading methods. These analysts examine price data of foreign exchange rates to determine if those prices will continue in the future. Technical analysis involves the uses of charts as a tool to identify patterns or trends(...)
  • Term Auction Facility
    The program was first instituted on December 17, 2007. These auctions allow their participants to obtain
  • Terms Of Trade Index - New Zealand
    Release Schedule : 22:45 (GMT); quarterly, over two months after the reporting periodSource of Report : Statistics New ZealandWeb Address : http://www.stats.govt.nz/default.htmAddress of Release : http://www.stats.govt.nz/products-and-services/info-releases/oseas-trade-indexes-info-releases.htm
  • Tertiary Industry Index - Japan
    Measures spending in the services sector of the economy. This sector consists of intangible goods such as public utilities, insurance, government, tourism, banking, retail, education, transportation, and social services. ImportanceIt can serve as a key indicator for domestic economic activity.(...)
  • Test
    test
  • Thai Baht
    The currency of Thailand. Currency code (THB)
  • THB
    The currency of Thailand. Currency code (THB)
  • Thomas Jordan
    Thomas Jordan is the current chairman of the Swiss National Bank. He replaced former chairman Philipp Hildebrand in April 2012, after working as interim chairman at the start of the year while Hildebrand was being investigated for a currency trading scandal.Prior to that, Jordan has served the(...)
  • Three Black Crows
    A bearish reversal pattern consisting of three consecutive black bodies where each candle closes near below the previous low, and opens within the body of the previous candle.
  • Three White Soldiers
    A bullish reversal pattern consisting of three consecutive white bodies, each with a higher close. Each should open within the previous body and the close should be near the high of the candle.
  • TIBOR
    Tokyo Interbank Offered Rate.
  • TIC
    The Treasury International Capital data is a set of reports that shows all flows of money into and out of the country for stocks and bonds. It is computed by getting the difference in value between foreign purchases of stocks and bonds and the value of stocks and bonds sold by a country. If(...)
  • Tick
    A minimum change in price, up or down.
  • Timothy Geithner
    Timothy Franz Geithner (pronounced GUYT-NER) is the current Secretary of the United States Department of the Treasury under the Obama administration.Born in in New York in 1961, Geithner has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan. In 1983(...)
  • TJS
    The currency of Tajikistan. Currency code (TJS)
  • TMM
    The currency of Turkmenistan. Currency code (TMM)
  • TND
    The currency of Tunisia. Currency code (TND)
  • Tom Next
    The buying and selling of currencies to avoid delivery of the currency. Allows a trader to hold a position for a day without worrying about delivery.
  • Tomorrow Next
    The buying and selling of currencies to avoid delivery of the currency. Allows a trader to hold a position for a day without worrying about delivery.
  • Tonga Pa'Anga
    The currency of Tonga. Currency code (TOP)
  • TOP
    The currency of Tonga. Currency code (TOP)
  • Toshihiko Fukui
    Toshihiko Fukui is the Governor of the Bank of Japan.A life long career bureaucrat, Mr. Fukui joined the Bank of Japan in 1958 and since then has served there in a variety of posts. Although still governed by the conservative instincts instilled by his career training, Mr. Fukui has instituted(...)
  • TP
    An order used by currency traders to automatically close their position once a certain profit has been made. Although it halts any further advance in profit, it guarantees a specific profit after a level has been hit.
  • Trade Balance
    Trade balance measures the ratio of exports to imports for a given country's economy. If exports are higher than imports (a trade surplus), the trade balance will be positive. If imports are higher than exports (a trade deficit), the trade balance will be negative.ImportanceKnowing the(...)
  • Trade Balance - Australia
    Release schedule : 1:30 (GMT); monthly, near the end of every monthRevisions schedule : MonthlySource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5368.0
  • Trade Balance - Japan
    Release schedule : 23:50 (GMT); monthly, in the second week after the reporting month.Revisions schedule : Few revisionsSource of report : Ministry of Finance, Customs Office ( Japan )Web Address : http://www.mof.go.jpAddress of release : http://www.customs.go.jp/toukei/shinbun/happyou_e.htm
  • Trade Balance - Switzerland
    Release schedule : 6:15 (GMT); monthly, one month after the reporting periodRevisions schedule : Few revisionsSource of report : Swiss National BankWeb Address : http://www.snb.ch/e/index3.htmlAddress of release:(...)
  • Trading Styles
    There are many different styles of trading that may be used in Foreign Exchange trading. Forex styles do tend to differ from those utilized with the stock markets but it is still advised that you try out a few before settling on one as you may well discover that one style or another may be(...)
  • Trailing Stop
    A type of stop loss order that moves relative to price fluctuations. In example, setting a 50-pip trailing stop on EUR/USD after buying it at 1.2550 would mean that if price rose to 1.2600, your stop would also rise by from its initial level of 1.2500 to 1.2550 (50 pips).Your stop will then(...)
  • Transaction Cost
    The cost of buying or selling a financial instrument.
  • Transaction Date
    The date a transaction is executed.
  • Transaction Risk
    The exchange rate chance dealing with the time delay between entering a contract and settling it. The greater the time differential, the greater the chances the two exchange rates change.
  • Transparency
    Transparency refers to disclosure of information about activities. Transparent procedures include releases of meeting minutes, financial disclosure statements, budgetary reviews, and audits. For banks, transparency protects its clients against fraudulent activities. This involves open(...)
  • Treasury Bills
    Short-term obligations of a Government issued for periods of one year or less. Treasury bills do not carry a rate of interest, but are issued at a discount on the par value. Treasury bills are repaid at par on the due date.
  • Treasury Bonds
    Government obligations with maturities of ten years or more.
  • Treasury International Capital
    The Treasury International Capital data is a set of reports that shows all flows of money into and out of the country for stocks and bonds. It is computed by getting the difference in value between foreign purchases of stocks and bonds and the value of stocks and bonds sold by a country. If(...)
  • Treasury Notes
    Government obligations with maturities more than one year, but less than ten years.
  • Trend Channel
    Trend channels are very useful tools in the Forex world as correct analysis can help you in correctly determining where your entry point or exit point of a trade should be. Although regular trend lines are able to demonstrate the direction that the price is moving, trend channels allow you to(...)
  • Trendline
    A trendline is one of the basic components of most technical analysis patterns. To construct a trendline, simply connect either the high prices or low prices on an asset's chart. The resulting line is the trendline.There are two types of trendlines. An uptrend line is formed by connecting(...)
  • TRIN
    Short for TRaders INdex. A technical analysis indicator calculated by taking the advances-to-declines spread and dividing that by the volume of advances to declines.
  • Trinidad, Tobago Dollars
    The currency of Trinidad, Tobago. Currency code (TTD)
  • Triple Bottom
    A Triple Bottom chart pattern is very similar in presentation to a head and shoulders bottom in that it contains three lows, albeit all occurring at an equal level. Like the head and shoulders bottom, the triple bottom is also as a reversal pattern.The appearance of the triple bottom(...)
  • Triple Top
    The Forex chart price trading pattern known as the Triple Top is a relatively rare reversal pattern that generally accurately indicates a move towards major reversal in the current direction of the trend or issue it represents.The triple top pattern is similar in appearance to the head and(...)
  • Triple Witching
    Triple withcing is the when contracts for stock options, stock index futures, and stock index options expire. This happens once a quarter on the third Friday of March, June, September, and December.
  • TRIX
    TRIX is a form of momentum indicator known as a technical analysis oscillator and was developed by Jack Hutson, the editor of Technical Analysis of Stocks and Commodities, in the 1980s.The purpose of TRIX is to clearly and accurately demonstrate the derivative slope of a triple smoothed(...)
  • TRL
    The currency of Turkey. Currency code (TRY)
  • True Strength Index
    The True Strength index is a form of technical momentum indicator, similar to the Relative Strength Index that can help traders to identify when conditions of a particular security or currency have been either overbought or oversold. The True Strength Index is usually gained by incorporating(...)
  • TTD
    The currency of Trinidad, Tobago. Currency code (TTD)
  • Tunisia Dinars
    The currency of Tunisia. Currency code (TND)
  • Turkish Liras
    The currency of Turkey. Currency code (TRY)
  • Turkmenistan Manats
    The currency of Turkmenistan. Currency code (TMM)
  • Turnover
    Total value of money of all executed transactions in a given time period.
  • Turtle Channel
    A trading band created by plotting the highest and lowest prices of an asset over a certain time period around the price of that asset
  • Tuvalu Tuvalu Dollars
    The currency of Tuvalu. Currency code (TVD)
  • TVD
    The currency of Tuvalu. Currency code (TVD)
  • TWD
    The currency of Taiwan. Currency code (TWD)
  • Tweezer Bottom
    Two or more candlesticks with matching bottom. They can be composed of real bodies or shadows. These occur on consecutive or nearby candles. Indicates a bearish trend is ending, and perhaps a reversal is in the works.
  • Tweezer Top
    Two or more candlesticks with matching tops. They can be composed of real bodies or shadows. These occur on consecutive or nearby candles.
  • Two-way Price
    Occurs when a buying and selling price is quoted for a transaction.
  • Two-Way Quote
    A quote in which the buy and sell price are given.
  • TZS
    The currency of Tanzania. Currency code (TZS)
  • u

  • U.S prime rate
    The interest rate at which U.S. banks will lend to their main corporate customers.
  • U.S. Department Of The Treasury
    Formally established as an executive department by the 1789 Act of Congress, the Department of the Treasury serves as the treasury of the federal government and is the agency responsible for managing the money resources of the United States. Responsibilities:It primarily exists to promote(...)
  • UAH
    The currency of Ukraine. Currency code (UAH)
  • UBS Consumption Indicator
    Release schedule : 8:00 GMT ; monthly, in the fourth week following the reporting monthSource of report : UBSWeb Address : http://ubs.comAddress of release: http://www.ubs.com/1/e/media_overview/media_switzerland/latest.html
  • Ugandan Shillings
    The currency of Uganda. Currency code (UGX)
  • UGX
    The currency of Uganda. Currency code (UGX)
  • Ukrainian Hryvnia
    The currency of Ukraine. Currency code (UAH)
  • Ulcer Index
    An indicator developed by Peter G. Martin and Byron B. McCann that is used to measure the riskiness of investments such as securities, commodities, indexes, or mutual funds. It is created by factoring in the depth and duration of drawdowns from recent peaks. A large UI value indicates that the(...)
  • Ultimate Oscillator
    A technical indicator invented by Larry Williams that uses the weighted average of three different time periods to reduce the volatility and false transaction signals that are associated with many other indicators that mainly rely on a single time period.
  • Unemployment Rate
    The unemployment rate is basically the percentage of the people in the work force without jobs but is able and willing to work. It is measured by getting the ratio of unemployed people who are willing and able to work versus the total number of people in the work force.It is important to(...)
  • Unemployment Rate - Australia
    Release schedule : 1:30 (GMT); monthly, mid-month following the reporting month's endSource of report : Australian Bureau of StatisticsWeb Address : http://www.abs.gov.au/Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
  • Unemployment Rate - Canada
    Release Schedule : 7:00 AM (EST) on the first week of each monthSource of Report : Statistics CanadaWeb Address : http://www.statcan.ca/start.htmlAddress of Release : http://www.statcan.ca/english/Subjects/Labour/LFS/lfs-en.htm
  • Unemployment Rate - Switzerland
    Release schedule : 5:45 GMT; monthly, in the first week following the reporting monthRevisions schedule : Revisions only occur when seasonal adjustments are madeSource of report : State Secretariat for Economic AffairsWeb Address : http://www.seco-admin.ch/index.html?lang=enAddress of release:(...)
  • Unemployment Rate - United Kingdom
    Release schedule : QuarterlySource of report : U.K. Office of National StatisticsWeb Address : http://www.statistics.gov.uk/Address of release : http://www.statistics.gov.uk/instantfigures.asp
  • United Arab Emirates Dirham
    The currency of the United Arab Emirates. Currency code (AED)
  • United Kingdom Pounds
    The currency of the United Kingdom. One of the major currencies traded. Currency code (GBP)
  • United States Dollars
    The currency of the United States. One of the major currencies traded. Currency code (USD)
  • Unrealized Gain/Loss
    Theoretical profit or loss of an open position determined by current market prices.
  • Unsterilized Foreign Exchange Intervention
    An attempt by a country's monetary authorities to influence exchange rates and its money supply by not buying or selling domestic or foreign currencies or assets. This is a passive approach to exchange rate fluctuations, and allows for fluctuations in the monetary base.
  • Uptick
    A new higher price quote than the previous quote.
  • Uptick Rule
    Regulation in which a security is not allowed to be sold short unless the previous trade to the short sale was at a price lower than the price at which the short sale was executed.
  • Uruguay Pesos
    The currency of Uruguay. Currency code (UYU)
  • USD
    The currency of the United States. One of the major currencies traded. Currency code (USD)
  • USDX
    A measure of the value of the U.S. dollar relative to majority of its most significant trading partners. This index is similar to other trade-weighted indexes, which also use exchange rates from the same major currencies.
  • UYU
    The currency of Uruguay. Currency code (UYU)
  • Uzbekistan Sums
    The currency of Uzbekistan. Currency code (UZS)
  • UZS
    The currency of Uzbekistan. Currency code (UZS)
  • v

  • Value Date
    The date on which both sides to a transaction agree to exchange payments.
  • Vanuatu Vatu
    The currency of Vanuatu. Currency code (VUV)
  • Variation Margin
    Funds that a broker has to request from a client in order to have necessary margin deposited.
  • VEB
    The currency of Venezuela. Currency code (VEB)
  • Venezuelan Bolivares
    The currency of Venezuela. Currency code (VEB)
  • Vietnamese Dong
    The currency of Vietnam. Currency code (VND)
  • VIX
    The Volatility Index, which is usually dubbed the "fear index" since it gauges the expectations for asset price fluctuations for the next 30 days. More specifically, the VIX tracks the implied volatility of maturing S&P500 options.A rising VIX suggests that asset prices are expected to be more(...)
  • VND
    The currency of Vietnam. Currency code (VND)
  • Volatility
    A measure of the amount by which an asset price is expected to fluctuate over a given period. Normally measured by the annual standard deviation of daily price changes (historic). Can also be implied from futures/options pricing, which is referred to as implied volatility.
  • Volatility Index
    The Volatility Index, which is usually dubbed the "fear index" since it gauges the expectations for asset price fluctuations for the next 30 days. More specifically, the VIX tracks the implied volatility of maturing S&P500 options.A rising VIX suggests that asset prices are expected to be more(...)
  • Volcker Rule
    The Volcker Rule, which is part of the http://www.babypips.com/blogs/espipionage/the-dodd-act-law-and-its-possible-effects-on-forex.html enacted in 2012, imposes limits on proprietary trading by commercial banks.The Volcker Rule aims to prevent banks from using their own funds to make(...)
  • VUV
    The currency of Vanuatu. Currency code (VUV)
  • w

  • Weak Shorts
    Refers to the group of investors who hold a short position and are quick to exit their positions at the first sign of strength in the underlying asset. This group of investors look to capture the gain on a move lower, but they are usually unwilling to take on as much as rick as other investors.
  • Wedges
    Wedges are a chart pattern used in technical analysis. A wedge is formed by taking two trendlines for the price behavior of an asset over time. If the trendlines converge--if, over time, the slope of the high price trendline exceeds the slope of the low price trendline, or if the slope of(...)
  • Westpac Consumer Confidence
    Release Schedule : 0:30 (GMT); monthlySource of Report : Australian Industry GroupWeb Address : http://www.unimelb.edu.au/Address of release : http://melbourneinstitute.com/research/macro/csi.html
  • Westpac Leading Index
    The Westpac Leading Index measures the growth of a composite index which includes nine (9) different economic barometers of Australia. The composite
  • Whipsaw
    Slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.
  • World Bank
    The World Bank is a group of international financial organizations around the globe aimed provide assistance to its 187 member countries. The World Bank was formed after World War II to help devastated Western European countries and provide them with capital. As it grew, the World Bank has(...)
  • WST
    The currency of Samoa. Currency code (WST)
  • x

  • XAF
    The currency of the Communaute Financiere Africaine. Currency code (XAF)
  • XCD
    The currency of the East Caribbean. Currency code (XCD)
  • XDR
    The currency of the International Monetary Fund.(IMF) Currency code (XDR)
  • Xenocurrency
    A currency that trades in markets outside of its domestic borders. "Xeno" is a prefix meaning strange or foreign.
  • XPF
    The currency of the Comptoirs Francais du Pacifique. Currency code (XPF)
  • y

  • Yard
    Slang for one billion dollars. Bill Gates has a lot of these.
  • Yemen Rials
    The currency of Yemen. Currency code (YER)
  • YER
    The currency of Yemen. Currency code (YER)
  • Yugoslavia New Dinars
    The currency of Yugoslavia. Currency code (YUM)
  • YUM
    The currency of Yugoslavia. Currency code (YUM)
  • z

  • Zambia Kwacha
    The currency of Zambia. Currency code (ZMK)
  • ZAR
    The currency of South Africa. Currency code (ZAR)
  • Zero Coupon Bond
    A bond that pays no interest. The bond is initially offered at a discount to its redemption value.
  • ZEW Economic Expectations
    A leading indicator of economic health based on surveyed institutional investors and analysts. The survey asks respondents to rate the 6-month economic outlook for the nation. A reading above 0.0 indicates optimism while a reading below 0.0 implies pessimism. Importance:The indicator(...)
  • ZEW Survey
    Release Schedule : 9:00 (GMT); monthly, in the first half of the same month.Source of Report : Center for European Economic ResearchWeb Address : http://www.zew.de/en/Address of Release : http://www.zew.de/en/publikationen/Konjunkturerwartungen/Konjunkturerwartungen.php3
  • Zimbabwe Zimbabwe Dollars
    The currency of Zimbabwe. Currency code (ZWD)
  • ZMK
    The currency of Zambia. Currency code (ZMK)
  • ZWD
    The currency of Zimbabwe. Currency code (ZWD)

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