Instruments and markets
SPX500
The common symbol for an instrument tracking the S&P 500, a market-cap weighted index of 500 large US companies. It is the standard benchmark for the US equity market.
Also called: S&P 500 · US 500
GFN’s figure
On a GFN funded account, profits from trades opened or closed within 3 minutes either side of a relevant high-impact release may be removed - which covers the releases that move US index instruments most.
In detail
SPX500,explained
Being market-cap weighted and broadly diversified, it typically has a smaller daily range than the Nasdaq 100 and responds more to macroeconomic releases than to individual earnings.
It is the index most directly moved by Federal Reserve decisions and US inflation data, which makes news-window rules particularly relevant when trading it.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Indices
Instruments tracking a basket of shares - the Dow, the S&P 500, the Nasdaq 100 and their international equivalents. Traded as contracts for difference, they give index exposure without owning any share.
US30
The common symbol for an instrument tracking the Dow Jones Industrial Average, a price-weighted index of 30 large US companies. It is quoted in index points, each worth a fixed amount per contract.
NAS100
The common symbol for an instrument tracking the Nasdaq 100, an index of the largest non-financial companies listed on the Nasdaq. It is the most volatile of the major US index instruments.
FOMC
The Federal Open Market Committee, the body that sets US interest rates. Its scheduled decision, written statement and press conference move every dollar-denominated market, usually in two distinct waves about half an hour apart.
CPI release
The monthly consumer price index, the headline measure of inflation. It drives interest rate expectations more directly than almost any other release, which is why it moves currencies, metals and index instruments simultaneously.
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