STOCK MARKET CRASH OF 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market plunges, selling pressure reached a peak on this day, which is called Black Monday. The Dow Jones Industrial Average (DJIA) dropped 22% and recorded a loss of $500 billion in value.
POPULAR TERMS
Risk-Weighted Assets
In terms of the minimum amount of capital that is required within banks and other institutions, based on a percentage of the assets, weighted by ri ...
Pigovian Tax
A special tax that is imposed on companies that pollute the environment, which is called negative externalities. Sin tax is a Pigovian tax, which i ...
Moving Average Convergence Divergence - MACD
A trend-following indicator that exhibits the relationship between two smoothed moving averages of prices. To compute, subtract the 26-day exponent ...
Golden Life Jacket
Compensation package offered by the acquiring firm to top executives of the company being acquired. The same with stay bonus, it aims to retain tho ...
Bank Insurance Fund - BIF
Unit of the FDIC providing protections to the insurance for the banks that are not classified as a savings and loan association.
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SEE FOREX TUTORIAL
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
Ethical Investing: Corporate Governance
It is important for ethical investors to determine how companies manage themselves and their relations with investors and stakeholders.
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Digesting Financial Statements: Pension Plans
Deducing on the topic we previously discussed, this tutorial now puts the spotlight on the pension fund. It is a distinct long-term obligation for ...
Buying a Home: Writing an Offer
You’re down to the last four steps to buying your dream house. Now, you need to write an offer and the seller has to accept it. Take into acc ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | Prelim Machine Tool Orders | Mar | |
| 10:00 | New Yuan Loans | Mar | |
| 11:00 | Retail Sales | Feb | |
| 13:00 | MPC Member Andy Haldane Speaks | ||
| 15:00 | MPC Member Silvana Tenreyro Speaks | ||
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Interest Rate Decision | 1 quarter | |
| 19:00 | FOMC Member Eric Rosengren Speaks | ||
| 19:01 | 10-y Bond Auction | Apr |
