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.

Forex drawdown is a decrease of an investment capital which happens as the result of multiple losing positions. These trades may alternate with profitable ones. The definition of drawdown is termed numerically as the difference between the peak and the trough of the curve of capital.