T-Bill

Treasury Bill.

Technical Analysis

The study of the price that reflects the supply and demand factors of a currency. Common methods are flags, trend-lines spikes, bottoms, tops, pennants, patterns and gaps.

Technical Correction

An adjustment to price not based on market sentiment but technical factors such as volume and charting.

Terms of Trade

The ratio between export and import price indices.

Theta

A measure of the sensitivity of the price of an option to a change in its time to expiry.

Thin Market

A market in which trading volume is low and in which consequently bid and ask quotes are wide and the liquidity of the instrument traded is low.

TIBOR

Tokyo Inter-bank Offered Rate.

Tick

A minimum change in price, up or down.

TIFFE

Tokio International Financial Futures Exchange.

Tomorrow Next (Tom next)

Simultaneous buying and selling of a currency for delivery the following day and selling for the next day or vice versa.

Trade Date

The date on which a trade occurs.

Tranche

A portion of a deal or structured financing, specifically used for borrowings from the IMF.

Transaction

The buying or selling of securities resulting from the execution of an order.

Transaction Date

The date on which a trade occurs.

Transaction Exposure

Potential profit and loss generated by current foreign exchange transactions