Sébastien Haller

A situation in which traders are heavily positioned on the short side and a market catalyst causes them to cover (buy) in a hurry, causing a sharp price increase.

A group of securities that operate in a similar industry.

Symbol for the Shanghai A index.

A trade that has been opened and subsequently closed by an equal and opposite deal.

An investment position that benefits from a decline in market price. When the base currency in the pair is sold, the position is said to be short.

An indicator of the status of your open positions; that is, unrealised money that you would gain or lose should you close all your open positions at that point in time.

Measures the outlook of purchasing managers in the service sector. Such managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries and inventories. Readings above 50 generally indicate expansion, while readings below 50 suggest economic contraction.

An economic indicator which indicates the performance of manufacturing companies within a country.

A type of future with expiry dates every three months (once per quarter).

When a central bank injects money into an economy with the aim of stimulating growth.