Forex Economic Calendar
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| Low | -1.70 | -6.50 | -11.50 | 18:50 | 9/2 |
Source
Definition
Spending for long-term assets such as machinery, equipment, and buildings that allow for higher production output.
Frequency
Quarterly. Usually released 65 days after the quarter ends.
Why should I care?
Capital spending serves as an important indicator of growth as it is a major component of GDP. A high figure is a good indication of corporate expansion since it signals the private sector's confidence and ability to invest in the future.
The OlsenScale (SMQ)
The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).
Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.
For more information visit OlsenScale.com
