An acronym that stands for percentage in point, and which refers to the minimum price fluctuation typically allowed in a currency pair. For most major currency pairs, a forex pip is a movement in the fourth decimal place or a 0.0001 shift, although for USD/JPY, it is a change in the second decimal place or a shift of 0.01.
Browse by Subjects
See All Related Terms »
simple moving average
Consumer Price Index (CPI)
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):