Forex Economic Calendar
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| Med | -42.80 | -47.00 | -49.80 | 07:30 | 9/9 |
Source
Bureau of Economic Analysis (BEA)
Definition
The difference in value between the United States' imports and exports. A positive trade balance (trade surplus) means that exports are higher than imports, while a negative trade balance (trade deficit) indicates higher imports than exports.
Frequency
Monthly
Why should I care?
Aside from its possible impact on local production and employment, export demand is also linked to currency demand because buyers from other countries usually pay in the exporters' local 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
