The template shows an equity price (e.g. QQQ) comparing to SPY,
with indicators of major economic variables
1. Unemployment rate (UNRATE);
2. CPI index (USCCPI);
3. Interest rate (USINTR);
4. FED balance sheet (USCBBS);
5. Dollar strength (DXY);
Unemployment rate and CPI are the two major conflicting variables that central bank (FED) tries to balance, via the method of adjusting interest rate and FED balance sheet (e.g. Quantitative easing). And the dollar strength gives some a peek of the world economic via US currency exchange rates.
Combining these economic indicators can hopefully give some insights of the growth or decline of the US economics which will partially be correlated with equity prices.
with indicators of major economic variables
1. Unemployment rate (UNRATE);
2. CPI index (USCCPI);
3. Interest rate (USINTR);
4. FED balance sheet (USCBBS);
5. Dollar strength (DXY);
Unemployment rate and CPI are the two major conflicting variables that central bank (FED) tries to balance, via the method of adjusting interest rate and FED balance sheet (e.g. Quantitative easing). And the dollar strength gives some a peek of the world economic via US currency exchange rates.
Combining these economic indicators can hopefully give some insights of the growth or decline of the US economics which will partially be correlated with equity prices.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.