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H:

Hard Currency:
A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex market.


HBOS:
Halifax Bank of Scotland


Hedge:
A transaction that reduces the risk on an existing investment position.


Hedge Fund:
a mutual fund organized as a limited partnership and using high-risk, speculative methods to obtain large profits.

An investment company that uses high-risk techniques, such as borrowing money and selling short, in an effort to make extraordinary capital gains.


Hedge Ratio:
The number of futures or options required to hedge a given exposure in the cash market.


Hedged position:
One open buy position and one open sell position in the same currency.


Hedging:
A hedging transaction is one whose main aim is to protect an asset or liability against a fluctuation in the foreign exchange rate rather than profit from the exchange rate fluctuations.


Help Wanted Index:
The help wanted index is a monthly index of the number of lines of help-wanted advertising in 51 major newspapers from around the country. This index indicates strength or weakness in the labor market.


HIA:
Housing Industry Association


HICP:
Harmonized Index of Consumer Prices

An inflation indicator used by the European Central Bank.
The overall Consumer Price Index data for the twelve European Union member countries is referred to as the Harmonized Price Index (HICP)


high or low- Spike:
A significantly lower low or higher high within a data series. Points where an currency spikes often signify a potential reversal in the direction of the trend, and hence can be valuable tools in analyzing a chart.


High/Low:
Refers to the daily traded high and low prices of a given currency pair.


Hit the bid:
Acceptance of purchasing at the offer or selling at the bid.


Household Consumption - Euro-zone:
Euro-zone Household Consumption reports the mean expenditure on individual consumption goods and services per household per year. The figure is reported in the annualized percent change. Increases in Household Consumption are suggestive of increases in economic growth and of higher levels of consumer optimism, both positive indicators for the economy. However, unrestrained growth can result in inflationary pressures. Thus this report can be used as a leading indicator for inflationary pressures.


Housing Equity Withdrawal-HEW:
Housing equity withdrawal (HEW) is new borrowing secured on dwellings that is not invested in the housing market (e.g. not used for house purchase or home improvements), so it represents additional funds available for reinvestment or to finance consumption spending.


Housing Starts:
The number of residential building construction projects begun during a specific period of time, usually a month; a key economic indicator.


HPI:
House Price Index


Hyperinflation:
A period of rapid inflation that leaves a country's currency virtually worthless.