Sébastien Haller

To sell at the current market bid.

Names for the Hong Kong Hang Seng index.

Option strategy that requires the underlying product to trade at a certain price before a previously bought option becomes active. Knock-ins are used to reduce premium costs of the underlying option and can trigger hedging activities once an option is activated.

Action by a central bank to affect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.

Measures the mood of businesses that directly service consumers such as waiters, drivers and beauticians. Readings above 50 generally signal improvements in sentiment.

Nickname for NZD/USD (New Zealand dollar/US dollar).

Inflation is the decline of a specific currency’s purchasing power over time. It’s calculated by measuring the cost of a basket of widely consumed goods and services in an economy. Inflation reduces each unit of currency’s purchasing power and increases living costs; consumers must spend more to fill a shopping basket or get a haircut. As prices rise, money buys less so inflation can reduce living standards over time.

IBOR stands for Interbank Offered Rate – a type of interest rate benchmark that represents an average of the rates that banks will offer each other for loans of various maturities. The most well-known and widely used IBOR is LIBOR. However, you might also encounter EURIBOR, TIBOR and other rates. IBORs have been used in financial markets for a long time and feature in a huge variety of different products and transactions. Over-the-counter (OTC) derivatives in particular have long been associated with IBORs.

Measures the total value of new orders placed with machine tool manufacturers. Machine tool orders are a measure of the demand for companies that make machines, a leading indicator of future industrial production. Strong data generally signals that manufacturing is improving and that the economy is in an expansion phase.