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Random article: Advance GDP
Advance GDP is the first publication of GDP data from series of subsequent publication of GDP values “advance – provisional –final”. In the USA publication of advance value takes place in the first month of every quarter by the Department of Trade and Commerce, after 20-s, usually at 8.30 a.m of New York time (4.30 p.m Moscow time) The data is published for recent quarter (i.e., in January – for IV quarter of recent year, in April – for the I of current year etc.) and is expressed in annual value, that is to say, quarter value is raised to 4rd power. Upon that, traditional report is not published in dollars or other currency, but is expressed as percentage to the previous quarter.
Popular article: Equidistant Channel
Equidistant Channel represents two parallel trend lines, which serve as support and resistance lines for the price. Basically it is inclined trading range with the lines connecting highest and lowest prices. Prevailing tendency is defined by a trader. If trend is upward, the line should be built along two lowest points (bottom – bottom). In case of downward trend, the line is built along two highest points (top - top) Parallel line is built as distant as possible from the trend line. The result will be equidistant channel within the borders of which fluctuation of currency rate takes place.
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