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Leading Indicators: Statistics that are considered to predict future economic activity.
Leading Indicators: A composite index (1992 = 100) of ten economic indicators designed to predict economic activity six to nine months in future.
LIBOR: The London Inter-Bank Offered Rate. Banks use LIBOR when borrowing from another bank.
Limit Order: An order to execute a transaction at a specified price (the limit) or better. A limit order to buy would be at the limit or lower, and a limit order to sell would be at the limit or higher.
Liquidity: Refers to the relationship between transaction size and price movements. For example, a market is "liquid" if large transactions can occur with only minimal price changes.
Liquidation: The closing of an existing position through the execution of an offsetting transaction.
Long: See long position.
Long Position: In foreign exchange, when a currency pair is bought, it is understood that the primary currency in the pair is 'long', and the secondary currency is 'short'.
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