Financial Glossary
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ADP Non-Farm Employment Change
This data is released on a monthly basis and it tracks the levels of private employment in the US, excluding farm jobs. It is sometimes also referred to as 'the private payrolls report.
Analyst
Financial professional who has expertise in evaluating investments and puts together buy, sell and hold recommendations for clients.
Arbitrage
The simultaneous purchase or sale of a financial product in order to take advantage of small price differentials between markets.
The price at which the market is prepared to sell a product. Prices are quoted two-way as Bid/Ask. The Ask price is also known as the Offer
Averaging Down
When an investor buys more of a stock as the price goes down. This makes it so your average purchase price decreases.
Base and Quote Currencies
In a currency pair, the first currency is known as the base currency and the second is referred to as the quote currency. So, in the EUR/USO pair, the euro would be the base currency and the US dollar would be the quote currency.
Base Currency
The first currency in a currency pair. It shows how much the base currency is worth as measured against the second currency.
Base Rate
The lending rate of the central bank of a given country.