Stands for “take profit.” Refers to limit orders that look to sell above the level that was bought, or buy back below the level that was sold.
Assuming control of a company by buying its stock.
The process by which charts of past price patterns are studied for clues as to the direction of future price movements.
Technicians or Techs
Traders who base their trading decisions on technical or charts analysis.
Ten (10) yr.
For example: US 10-year note – US government issued debt which is repayable in ten years.
Illiquid, slippery, or choppy market environment. A light volume market that produces erratic trading conditions.
Thirty (30) yr.
For example: UK 30-year gilt – UK government issued debt which is repayable in 30 years.
A minimum change in price, up or down.
Time to maturity
The remaining time until a contract expires.
09:00 – 18:00 (Tokyo).
Tomorrow next (Tom/Next)
Simultaneous buying and selling of a currency for delivery the following day.
Measures the difference in value between imported and exported goods and services. Nations with trade surpluses (exports greater than imports), such as Japan, tend to see their currencies appreciate, while countries with trade deficits (imports greater than exports), such as the US, tend to see their currencies weaken.
The number of units of product in a contract or lot.
A pair is acting strong and/or moving higher; bids keep entering the market and pushing prices up.
A postponement to trading that is not a suspension from trading.
A market that feels like it wants to move lower, usually associated with an offered market that will not rally despite buying attempts.
A pair is acting weak and/or moving lower, and offers to sell keep coming into the market.
The range between the highest and lowest price of a stock usually expressed with reference to a period of time. For example: 52-week trading range.
A trailing stop allows a trade to continue to gain in value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a specified distance. Placing contingent orders may not necessarily limit your losses.
The cost of buying or selling a financial product.
The date on which a trade occurs.
Price movement that produces a net change in value. An uptrend is identified by higher highs and higher lows. A downtrend is identified by lower highs and lower lows.
The total money value or volume of all executed transactions in a given time period.
When both a bid and offer rate is quoted for an FX transaction.
Symbol for CBOE 10-Year Treasury Yield Index.
Describing unforgiving market conditions that can be violent and quick.
A name for the FTSE 100 index.
UK average earnings including bonus/ Excluding bonus
Measures the average wage including/excluding bonuses paid to employees. This is measured QoQ from the previous year.
UK claimant count rate
Measures the number of people claiming unemployment benefits. The claimant count figures tend to be lower than the unemployment data since not all of the unemployed are eligible for benefits.
UK HBOS house price index
Measures the relative level of UK house prices for an indication of trends in UK real estate sector and their implication for overall economic outlook. This index is the longest monthly data series of any UK housing index, put out by the largest UK mortgage lender (Halifax Building Society/Bank of Scotland).
UK jobless claims change
Measures the change in the number of people claiming unemployment benefits over the previous month.
UK manual unit wage costs
Measures the change in total labor cost expended in the production of one unit of output.
A name for Brent Crude Oil.
UK producers price index input
Measures the rate of inflation experienced by manufacturers when purchasing materials and services. This data is closely scrutinized since it can be a leading indicator of consumer inflation.
UK producers price index output
Measures the rate of inflation experienced by manufacturers when selling goods and services.
The actual traded market from where the price of a product is derived.
Measures the total workforce that is unemployed and actively seeking employment, measured as the percentage of the labor force.
University of Michigan’s consumer sentiment index
Polls 500 US households each month. The report is issued in a preliminary version mid – month and a final version at the end of the month. Questions revolve around individuals’ attitudes about the US economy. Consumer sentiment is viewed as a proxy for the strength of consumer spending.
The theoretical gain or loss on open positions valued at current market rates, as determined by the broker in its sole discretion. Unrealized Gains/Losses become Profits/Losses when the position is closed.
A new price quote at a price higher than the preceding quote.
In the U.S., a regulation whereby a security may not be sold short unless the last trade prior to the short sale was at a price lower than the price at which the short sale is executed.
A name for the Dow Jones index.
A name for WTI Crude Oil.
US prime rate
The interest rate at which US banks will lend to their prime corporate customers.
Also known as the maturity date, it is the date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date is normally two business days forward.
Funds traders must hold in their accounts to have the required margin necessary to cope with market fluctuations.
VIX or Volatility index
Shows the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. The VIX is a widely-used measure of market risk and is often referred to as the “investor fear gauge.”
Referring to active markets that often present trade opportunities.
Wedge chart pattern
Chart formation that shows a narrowing price range over time, where price highs in an ascending wedge are incrementally less, or in a descending wedge, price declines are incrementally smaller. Ascending wedges typically conclude with a downside breakout, and descending wedges typically terminate with upside breakouts.
Slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.
Measures the changes in prices paid by retailers for finished goods. Inflationary pressures typically show up here earlier than the headline retail.
Where a limit order has been requested but not yet filled.
Stands for The Wall Street Journal.
Symbol for Silver Index.
Symbol for Gold Index.
Symbol for AMEX Composite Index.