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G

G7

The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.

G10 - G7

plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved.

Going long

The act of buying a currency pair. For example, if a client bought the EUR/USD, he would be "going long" the Euro.

Going short

The act of selling a currency pair. For example, if a client sold the EUR/USD, he would be "going short" the Euro.

Good til canceled (GTC order)

A specific instruction to a broker that unlike normal practice the order does not expire at the end of the trading day, although normally terminates at the end of the trading month.

Gross Domestic Product

Total value of a country's output, income or expenditure produced within the country's physical borders.

Gross National Product

Gross domestic product plus income earned from investment or work abroad.

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