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Random article: Philadelphia Federal Index
Business index of the Federal reserve bank, or Philadelphia Federal index represents results of surveying industrial managers of Philadelphia enterprises about their attitude to current economic conditions and further business outlook. The value below zero signalizes about negative trends in the US economy. The index is published on every third Thursday of month at 10:00 a.m EST (New York). Market response to the index is minor. Its growth favorably influences consolidation of national currency. Since the value is published shortly before NAPM index, it is closely watched and then forecast on expected national PMI is made.
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Popular article: Forex Bounce Strategy or SMA89 Break
Moving Averages as a lagging indicator, confirming trend rather than anticipating it, is considered less reliable by many. But, combining Moving Averages with Fibonacci number, and following price action around it, can give quite a powerful signal. In this case, a Simple Moving Averages on Close price, combined with Fibonacci number (89) as it period. In short, price can either “break through” SMA89 or “bounce back” from it. But then, as can be seen in the following picture, there are many breaks as well as bounces; and not all of them are valid signals which shows profitable opportunities.
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McClellan Indicator
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Forex encyclopedia
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