Forex Economic Calendar
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| Med | 4.80 | 0.90 | 1.00 | 02:15 | 9/2 |
Source
Swiss Federal Statistical Office
Definition
The change in total value of inflation-adjusted retail sales.
Frequency
Monthly
Why should I care?
It measures consumer spending, which is one of the most important indicators of a country's overall economic health. An increase in retail sales is usually positive for the currency as it may spur consumption and translate to economic growth . On the other hand, weak retail sales are generally bearish for the currency.
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
