CRUDE STOCKPILES
Reserves of unrefined petroleum gauged using barrels. Oil producers use these stockpiles to balance the impact of changes in supply and demand. OPEC’s decisions, events, and tax policy changes affect inventory levels. Inventory levels influence oil price. The higher the inventory level, the lower the oil price.
POPULAR TERMS
Bank Restriction Act of 1797
Act freeing the Bank of England from exchanging banknotes and other financial claims for gold. Passed by the British government in 1797, the legisl ...
Worldwide Coverage
Worldwide Coverage is an insurance policy that provides international coverage for personal property owned by the insured against any loss or damag ...
Third-Party Verification - TPV
Process in which an independent organization evaluates the client’s information to ensure its accuracy and intent. This is often used in tran ...
Bullish Abandoned Baby
Candlestick pattern signalling a reversal in the present trend. Used by traders, it is formed by three unique candlesticks showing the following ch ...
Confluence
Combining two or more techniques and ideas into one complete strategy. It occurs when two different ideas or strategies are used together to come u ...
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SEE FOREX TUTORIAL
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
Buying a Home: Closing the Deal
It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Nov | |
| 02:30 | Company Operating Profits | 3 quarter | |
| 02:30 | ANZ Jobs Advertisements | Nov | |
| 03:45 | Markit Final Manufacturing PMI | Nov | |
| 07:30 | Commodity Prices | Nov | |
| 09:30 | Retail Sales | Oct | |
| 10:15 | PMI Manufacturing | Nov | |
| 10:45 | PMI Manufacturing | Nov | |
| 10:50 | PMI Manufacturing | Nov |
