INTERNATIONAL RESERVES
Any reserve fund that can be given between the central banks of many countries. These are an acceptable payment form between these banks. Usually, reserves can have either gold or a specific currency. Sometimes, it can intervene in the forex market to either affect or peg the exchange rate.
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Lobby
Act of attempting to exert an influence (i.e. lobbying); a group of like-minded people that attempts to influence an authoritative body in their fa ...
Douglas Amendment
Amendment to the Bank Holding Act of 1956, preventing banks from acquiring banks throughout various states. But a bank can seek exception to the ru ...
Lilly Ledbetter Fair Pay Act
A law signed by the US Congress, which restored worker protections against pay discrimination. Signed under the Obama administration on January 29, ...
Generation-Skipping Trust
Legally binding trust agreement passing the contributed assets to the grantor’s grandchildren, not his children, upon the grantor’s dea ...
Net Change
Net change is the difference between the closing price of a security on one trading day and the closing price of the previous day. It may either be ...
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SEE FOREX TUTORIAL
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Dec | |
| 10:00 | KOF Economic Barometer | Dec | |
| 10:00 | CPI | Dec | |
| 16:45 | Chicago Purchasing Managers Index | Dec | |
| 17:00 | Pending Home Sales | Nov | |
| 03:30 | PMI Manufacturing | Dec | |
| 03:30 | Non-Manufacturing PMI | Dec | |
| 16:00 | House Price Index | Oct | |
| 03:45 | Markit Final Manufacturing PMI | Dec |
