stands for European Stability Mechanism. It is a joint financial fund of the Eurozone countries replacing the two existing EU funding programmes.
|ETF (Exchange Traded Fund)|
investment funds much like securities which serve as certificates for share portfolio. ETF may consist of securities of different companies and share funds. On legal basis, ETF is a type of share funds.
is a rate European banks use to borrow funds from peers for three months.
means delivering (or shipping) goods or capital abroad.
is a short-term price movement beyond a certain conventional line (physiological threshold, resistance level/support level) with further reversal and movement in the opposite direction.
|Federal Reserve Bank|
is a regional bank of Federal Reserve System of the USA. A network of 12 Reserve Banks carry out money management of the government.
|Federal Reserve System|
is the U.S. banking system which fulfils functions of country’s Central Bank.
price change for 100 pips. For example, price change EUR/USD from 1.3770 to 1.3870 – this means figure increase
|Financial Transaction Tax|
allows regulating financial markets, in particular, the market of derivatives.
is one of the largest rating agencies which provide analytical data of financial markets and estimates companies’ borrowing power.