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Current account (sa) close
# Revised Better / Worse Units: EUR bn
Impact Actual Forecast Previous Time Date
Med 10.30 -1.20 03:00 5/23




The inflation-adjusted net value of transactions that include merchandise trade, income flows, services, and unilateral transfers.



Why should I care?

It is linked to currency demand, as a current account surplus indicates more money flowing in than going out of the country. In other words, a widening surplus means investors are purchasing more of the local currency to carry out their transactions in the country.


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.

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Released: May 23, 2012 3:00
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