Forex Glossary - FX Terms

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Panel Bank
The name given to the group of banks contributing to the EURIBOR. This group is made up of the ...

Parallel Loan
A type of foreign exchange loan agreement that was a precursor to currency swaps. A parallel loan ...

Pending Home Sales
Measures the number of signed real estate contracts for existing single-family homes, condos and ...

Performance of Manufacturing Index
Measures the rate of expansion for the manufacturing sector through a survey of employers. A ...

Personal Income
Measures the total amount of income received by individuals. A rising trend has a positive effect ...

Personal Spending
Measures the total amount spent by consumers on goods and services. A rising trend has a positive ...

Philadelphia Fed Manufacturing Index
Measures the general business conditions of manufacturers in the Philadelphia Federal Reserve ...

Pips
Digits added to or subtracted from the fourth decimal place, i.e. 0.0001. Also called Points.

Political Risk
Exposure to changes in governmental policy which will have an adverse effect on an investor's ...

Position
The netted total holdings of a given currency.

PPI
The Producer Price Index (PPI) measures the rate of inflation (i.e., the rate of price changes) ...

PPI Input
The Producer Price Index (PPI) Input measures the rate of inflation (i.e., the rate of price ...

PPI Output
The Producer Price Index (PPI) Output measures the rate of inflation (i.e., the rate of price ...

Pre-Budget Report
This report will be provided by UK chancellor Alistair Darling.

Preliminary GDP Annualized
Gross Domestic Product (GDP) measures the total value of all goods and services produced by the ...

Preliminary GDP Deflator Annualized
The Gross Domestic Product (GDP) Deflator measures the annualized quarterly implied rate of ...

Premium
In the currency markets, describes the amount by which the forward or futures price exceed the spot ...

Price Transparency
Describes quotes to which every market participant has equal access.

Private New Capital Expenditure
Measures the total amount of new capital expenditures by private businesses. A rising trend has a ...

Private Sector Credit
Private sector credit measures the amount of bank credit availale to the private sector ...

Public Sector Net Borrowing
Measures the difference between spending and income for the government and public corporations. A ...

 
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