Sébastien Haller

Simultaneous buying and selling of a currency for delivery the following day.

An illiquid, slippery or choppy market environment. A light-volume market that produces erratic trading conditions.

The time remaining until a contract expires.

09:00 – 18:00 (JST).

US government-issued debt which is repayable in ten years. For example, a US 10-year note.

A technique used in technical analysis that indicates a specific price ceiling and floor at which a given exchange rate will automatically correct itself. Opposite of resistance.

The Tokyo Overnight Average Rate (TONAR) is the risk-free unsecured interbank overnight interest rate for the Japanese Yen – it’s also known as TONA. It was created in 2016 in the move to risk-free reference rates. TONAR is the replacement for LIBOR, which is expected to be completely phased out by June 2023. Learn more about the move away from LIBOR.

A temporary halt in the trading of a product.

Traders who base their trading decisions on technical or charts analysis.

A trade confirmation is a receipt of an executed order sent to you by your broker. Trade confirmations are sent to verify that the transaction has taken place and you will receive one after every trade you make. These can be used to assist with tax filings or settle any discrepancies. Confirmations can also be used to check against monthly statements to ensure they correctly reflect the trades made on an account. Trade confirmations also verify the exact price that the trade has been placed at. What is required in a trade confirmation? A trade confirmation must show certain information about a trade. This includes the market traded, the date and time it was placed, the cost, the net value and any additional costs that may have been charged by the broker, such as commission. Including all of this information helps to verify any specific aspect of the trade. Having the details formally confirmed like this helps to avoid any disputes on price or cost further down the line.