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Definitions (44)
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ask
Also known as the offer, it's the price a seller is willing to sell at.
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base currency
The currency used as the base to quote a pair. For instance in the EURUSD pair, the EUR is the base currency, in the USDJPY, the USD is the base.
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bear
Someone who believes the prices/market will decline.
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bear market
A market in which prices decline sharply against a background of widespread pessimism (opposite of Bull Market).
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bid
The price at which a trader will buy a currency.
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bid/ask spread
See 'Spread'
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broker
An agent who handles investors' orders to buy and sell currency.
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bull market
A market characterised by rising prices.
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cable
Dealers slang for the Sterling/US Dollar exchange rate.
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call rate
The overnight interbank interest rate.
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