A substantial up or down move observed in an asset's price over a small time frame that often appears as a single line on a bar chart. In the forex market, the exchange rate of currency pairs can sometimes spike higher or lower after concerted Central Bank Intervention occurs as speculative traders exit their positions and stop loss orders are triggered.
Browse by Subjects
See All Related Terms »
limit on open (LOO)
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):