Key Currency What is 'Key Currency' The currency used as a reference in an international transaction or when setting an exchange rate. The key currency used is usually issued by a stable,

Kicker Pattern What is 'Kicker Pattern' A two-bar candlestick pattern that is used to predict a change in the direction of the trend for an asset's price. This pattern is characterized by

Hardening What is 'Hardening' 1. A term used to describe a price of commodity or futures contracts that is gradually stabilizing. 2. A futures market that is slowly advancing in prices.

DefinitionImplied Repo Rate is the rate of return of borrowing money to buy an asset in the spot market and delivering it in the futures market where the notional is used to repay the loan.

In The Tank What is 'In The Tank' A slang term referring to very poor performance, as in that of a security, sector or market. A security, sector or market can be considered "in the tank"

Narrow Basis What is 'Narrow Basis' A condition found in futures markets in which the spot price of underlying commodities is close to the futures price of the same contract. Explaining

DefinitionAn "oil field" or "oilfield" is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possi

Manual Trader What is 'Manual Trader' A trader who manually enters trades into a trading system without using computerized algorithms that enable automated order entry. In the frenetic wor

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds fo

Management Investment Company What is 'Management Investment Company' A formal name for a company that sells and manages a portfolio of securities. A management investment company is one o