Macro Glossary
Plain-English terms used in AXIOM FX weekly research.
The interest-rate advantage or disadvantage embedded in holding one currency versus another.
Carry adjusted by inflation. It helps separate nominal yield from actual inflation-adjusted compensation.
Commitments of Traders data, used as a proxy for institutional positioning and crowding.
A state where a market idea is not clean enough for publication as a live educational scenario because event, curve or positioning risks dominate.
A declared absence of reliable data. AXIOM FX declares gaps instead of imputing them.
A psychologically important round price area such as 0.8000 in USD/CHF.
Currencies or assets that tend to react more strongly to global risk appetite.
Educational Boundary
Glossary entries explain research language only. They are not trading instructions or individualized investment advice.