What is the KOF Economic Barometer? The KOF Economic Barometer is a leading composite indicator that is used to provide a reading or measure of the direction of GDP growth in the Swiss economy. The KOF Economic Barometer compares Swiss GDP growth from the same quarter in the previous year. For example, if it were…
What is a Kicker Pattern? A kicker pattern is a security’s price charting pattern that is identified by a drastic reversal in price over the span of its distinct two-bar candlestick formation. Kicker patterns are prominent in the technical analysis world because they act as predictors for changes in the direction of an asset’s price…
What is Electronic Retailing (E-tailing)? Electronic retailing (e-tailing) is an internet-based sales platform where consumers are able to buy and sell goods online directly from a business without physically inspecting the goods. When retailing is done completely online, organizations are faced with a plethora of different challenges and difficulties when constructing their business model. When…
What is an Enrolled Agent (EA)? An enrolled agent (or EA) is a federally authorized tax specialist that operates to provide advisory services to American taxpayers about matters concerning the Internal Revenue Service (IRS). Achieving “EA” status is considered the highest credential awarded by the IRS and is legally recognized throughout all 50 U.S states….
What are Candlestick Patterns? Candlestick patterns are a financial technical analysis tool that depicts daily price movement information that is shown graphically on a candlestick chart. A candlestick chart is a type of financial chart that shows the price movement of derivatives, securities, and currencies, presenting them as patterns. Candlestick patterns typically represent one whole…
What is Implied Authority? Implied authority is a legal term that is used in contract law and refers to the ability an individual has to make a legally binding contract on behalf of another person or organization. Implied authority is not written on paper; rather, an agent is assumed to possess authority in order to…
What is the Interbank Rate? The interbank rate or interbank exchange rate is a financial concept used to express foreign exchange rates, which are paid by banks when they conduct currency trading with other banks. Interbank, or “between banks,” is when a bank pursues business with another bank. Somewhat similar to the stock market, interbank…
What is Called Away? Called away is an investment term used to describe an event where a monetary contract is terminated when a delivery obligation or redemption is completed. The delivery obligation refers to the distribution of an underlying asset – such as a bond – to the other party in the monetary contract. In…
What is an L-Shaped Recovery? An L-shaped recovery occurs when an economy enters into a severe recession, with high levels of unemployment and close to zero economic growth. When seen on a line chart, the recovery looks like the letter “L.” During an L-shaped recovery, there is a sharp decline in economic growth led by…
