Forex Economic Calendar
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| Med | 3.20 | 2.00 | 4.30 | 08:30 | 1/26 |
Source
Census Bureau, Department of Commerce
Definition
A key indicator of future manufacturing activity. This goverment index measures the dollar volume of orders, shipments, and unfilled orders of durable goods. Durable goods are new or used items generally with a normal life expectancy of three years or more.
Frequency
Monthly
Why should I care?
Measures demand for U.S. manufactured durable goods, from both domestic and foreign sources. When the index is increasing, it suggests demand is strengthening, which will probably result in rising production and employment. A falling index suggests the opposite.
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
