Forex Economic Calendar
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| Med | 5.20 | -1.00 | -2.80 | 09:00 | 9/2 |
Source
National Association of Realtors
Definition
The monthly measurement of signed real estate contracts for existing co-ops, condos, and single-family homes. This data can be used as a leading indicator of future home sales as signed contracts are not counted until the final closing transactions have been made. On average, this happens after 1 to 2 months.
Frequency
Monthly
Why should I care?
Pending Home Sales is considered a leading indicator because home sales triggers a wide-reaching ripple-like effect on the health of economy. An increase can indicate consumer confidence and spending.
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
