Sébastien Haller

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.

A pair is acting weak and/or moving lower and offers to sell keep coming into the market.

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.

A trading model is a rule-based structure created to govern trading activities. Trading models help take some guesswork out of the markets while encouraging investors and traders to set risk parameters. Models based on proven rules can remove human emotions from decision making. A thoroughly bench-tested statistical model can provide a framework for successful trading. Some traders backtest their models using historical data and demo accounts to verify how well they work before committing real funds in live markets. Example of a trading model An example of a trading model could include trend trading forex pairs based on various criteria and rules that you decide not to breach. To build the model, you’d decide what style, method and strategy to employ, how much money to risk on each trade and an acceptable level of market risk at any one time. You would also set profit and loss targets. The trading rules would most likely include which conditions need to be met before you get in or get out of a market. You might use a combination of technical indicators for these entry and exit decisions.

Measures the rate of inflation experienced by manufacturers when purchasing materials and services. This data is closely scrutinised since it can be a leading indicator of consumer inflation.

Measures the change in the number of people claiming unemployment benefits over the previous month.

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 name for Brent Crude Oil.

Measures the average wage including/excluding bonuses paid to employees. This is measured quarter-on-quarter (QoQ) from the previous year.

Describing unforgiving market conditions that can be violent and quick.