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Glossary of Investment Terms: G

G7
The seven leading industrial countries: The United States, Germany, Japan, France, United Kingdom, Canada, and Italy.

Gap
The price Gap between consecutive trading ranges ( i.e. the low of the current range is higher than the high of the previous range)

Globex
A system for global after hours electronic trading in futures and options developed by Reuters for CME and CBOT for use in conjunction with various exchanges around the world.

Gold Standard
The original system for supporting the value of currency issued. The way that where the price of gold is fixed against the currency it means that the increased supply of gold does not lower the price of gold but causes prices to increase.

Gold Tranche
Part of the country quota for IMF members that had to be paid in gold. This was normally 25% of the quota, the remainder being in domestic currency. The Gold Tranche was automatically available to members without condition.

Golden Cross
An intersection of two consecutive moving averages which move in the same direction and suggest that the currency will move in the same direction.

Good Until Cancelled
An instruction to a broker that unlike normal practice the order does not expire at the end of the trading day, although normally terminates at the end of the trading month.

Gross Settlement
A process where full payment of each transaction is made rather than clearing a group of transactions as currently occurs in the FX market. A method designed to eliminate capital risk.

Gross Domestic Product
Total value of a country's output, income or expenditure produced within the country's physical borders.

Gross National Product
Gross domestic product plus " factor income from abroad" - income earned from investment or work abroad.