[vincecanova]

Loonie: The nickname for the Canadian Dollar or terminology for USD/CAD pair

Aussie: The nickname for the Australian Dollar or terminology for AUS/USD pair

Sterling: The nickname for the British Pound or terminology for USD/GBP pair

Cable: See Sterling

Kiwi: The nickname for the New Zealand Dollar or terminology for USD/NZD pair

PIP: The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100th of one percent, or one basis point.

Spread: Spread is the difference between the ask price (the price you buy at) and the bid price (the price you sell at) quoted in pips. If the quote between EUR/USD at a given moment is 1.2222/4, then the spread is 2 pips. If the quote is 1.22225/40, then the spread is 1.5 pips.

I have more - especially on fundamental terms but I don't know if you guys want to hear these!