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Random article: Personal spending
This index shows the amount of money spent to satisfy personal requirements. It has three components: expenses to buy durable goods (furniture, cars, home appliances), expenses for soft goods (food, clothes) and payments for services. To estimate the amount of expenses for buying durable and soft goods, the index “Retails sales” is applied. It is harder to estimate the amount of payment for services, because this value is subject to a constant change, and this value is hard to predict. “Personal spending” value is published monthly after 20th at 08:30 a.m EST (New York) simultaneous with "Personal income". Market impact is moderate. Growth of the index is positive for consolidation of national currency.
Popular article: Chaikin Oscillator
It is commonly known that the concept of Accumulation /Distribution indicator is contained in the theory stating that force of pressure of purchasers or vendors can be calculated in relation to Close price to High and Low of a respective time period. In other words, it can be stated that when price closes in the upper half of trade range (distance between High and Low), purchasers dominate on the market, or when price closes in the bottom half of trade range, there is a pressure from the side of vendors.
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