Forex Economic Calendar
# Revised
Better / Worse
Units: % m/m
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| Low | 0.10 | 0.20 | 0.30 | 08:30 | 2/9 |
Source
Definition
The change in total value of the selling price of new homes.
Frequency
Monthly, one week after the reporting month
Why should I care?
Housing data may impact other statistics as a boom in home growth means more materials and workers to facilitate that growth. Because of the size and importance, traders usually use housing data to gauge the direction of the Canadian economy.
CAD
SMQ
Help
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
