Ichimoku Kinko Hyo Indicator is the trading technical indicator elaborated in 1930 by Japanese analyst Goichi Hosoda under alias name Ichimoku Sanjin, who monitored movement of Japanese index Nikkei. Ichimoku Indicator is purposed for finding out a trend, resistance and support line, and for generating purchase/ sell alerts.
This consumer sentiment index represents results of survey of consumers, which is conducted by Michigan University. Questions touch upon confidence of citizens in economic conditions and prospects for the nearest future. Obtained figure throws light on respondents' sentiment and their intentions regarding spending money.
Index is published twice a month. The fist one is the advance report announced in the end of the second week, usually on Friday. In two weeks final report is published. Publication time is 10:00 a.m EST (New York). Market respond to published data is minor. Index growth is favorable towards consolidation of national currency.
