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1.K A Nasdaq stock symbol specifying that the stock has no voting rights. 2. Key Currency For smaller countries, the act of orienting their currency to that of a major trading partner. 3. Kill or Fill An order that does not permit partial filling. If it cannot be completely filled, [...]
1. Japanese Housewives A term coined by the financial press to refer to the Japanese households that speculated on the carry trade and became a major seller of yen, thereby driving the currency against the levels More… 2. Japanese yen The yen is the Japanese currency unit. It is the third most-traded currency in the [...]
1. IFEMA – International Foreign Exchange Master Agreement 2. IM – International Monetary Market. See also: International Monetary Market. 3. IMF – See International Monetary Fund. 4. Indicative Quote – A market maker’s price. It is not dealable, but is for information purposes only. See also: Firm Quote 5. Inflation – A rise in prices [...]
Hard Currency - A currency that investors have confidence in. Examples could be the US Dollar or the Euro. Head and Shoulders - A price trend pattern which has three peaks, the middle one higher than the surrounding two forming what looks to be a head with two shoulders on either side. Hedge - [...]
G7 – The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy. Going Long – The purchase of a stock, commodity, or currency for investment or speculation. Going Short – The selling of a currency or instrument not owned by the seller. Gold Certificate – A certificate of ownership that gold [...]
Factory Orders – The dollar level of new orders for both durable and nondurable goods. This report is more in depth than the durable goods report which is released earlier in the month. Federal Reserve (Fed) – The Central Bank for the United States. First In First Out (FIFO) – Open positions are closed according [...]
Economic Indicator – A government issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc. End Of Day Order (EOD) – An order to buy or sell at a specified price. This order remains open until the end of the trading day which [...]
Day Trader – Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day. Dealer – An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the [...]
Cable – Trader jargon referring to the Sterling/US Dollar exchange rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800′s. Canadian Ivey Purchasing Managers (CIPM) Index – A monthly gauge of Canadian business sentiment issued by the Richard Ivey Business School. Candlestick Chart – A chart that [...]
Balance of Trade – The value of a country’s exports minus its imports. Bar Chart – A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and [...]