Forex encyclopedia

Consumption Indicator of Union Bank Of Switzerland (UBS) is the anticipating economic indicator. Economists use it for forecasting about the future (for 3 - 4 months in advance) consumption of Switzerland people. Also indicator conveys the frequency of consumption. While measuring index value, following figures are used: PMI in retail sphere, the number of new registered automobiles, the amount of booked hotel rooms in the country, consumer sentiment, as well as the number of transfers made through credit cards of UBS bank. All values of those components are published monthly, expect for consumer sentiment index.

William Delbert Gann considered that markets move in accordance with the laws of geometry. One of his major geometrical instruments was the line at an angle of 45º. He also use angles built on the basis of this line. The Gann line is also called a balance angle (1×1), in which one price range corresponds to one time period.