{"id":23590,"date":"2013-04-24T11:53:18","date_gmt":"2013-04-24T15:53:18","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=23590"},"modified":"2016-09-20T13:56:32","modified_gmt":"2016-09-20T17:56:32","slug":"a-quick-look-at-the-economic-surprise-index","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2013\/04\/24\/a-quick-look-at-the-economic-surprise-index\/","title":{"rendered":"A Quick Look At The Economic Surprise Index"},"content":{"rendered":"<p>The Citigroup Economic Surprise Indices are objective and quantitative measures of economic news. They are defined as weighted historical standard deviations of data surprises (actual releases vs Bloomberg survey median).<\/p>\n<p>A positive reading of the Economic Surprise Index suggests that economic releases have on balance been beating consensus.<\/p>\n<p>The indices are calculated daily in a rolling three-month window.The weights of economic indicators are derived from relative high-frequency spot FX impacts of 1 standard <!--more-->deviation data surprises. The indices also employ a time decay function to replicate the limited memory of markets.<\/p>\n<p>Below are some of the more important economies, the ESI and their stock market compared. This is how forex trading works if you are <a href=\"http:\/\/www.forextradingaustralia.com.au\/\" style=\"text-decoration:none;color:#000000;\">forex trading from Australia<\/a> or looking for forex brokers from Australia.<\/p>\n<p>Take a look at Japan and how far the Nikkei has come and the poor economic results that continue.<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/ecocusprise-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23602\" alt=\"ecocusprise\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/ecocusprise-1.jpg\" width=\"555\" height=\"336\" \/><\/a><\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/world-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23603\" alt=\"world\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/world-1.jpg\" width=\"562\" height=\"336\" \/><\/a> <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/asia-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23604\" alt=\"asia\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/asia-1.jpg\" width=\"558\" height=\"330\" \/><\/a> <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/latam-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23605\" alt=\"latam\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/latam-1.jpg\" width=\"565\" height=\"338\" \/><\/a> <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/europe-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23606\" alt=\"europe\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/europe-1.jpg\" width=\"550\" height=\"338\" \/><\/a> <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/japan-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23607\" alt=\"japan\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/japan-1.jpg\" width=\"548\" height=\"330\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Citigroup Economic Surprise Indices are objective and quantitative measures of economic news. They are defined as weighted historical standard deviations of data surprises (actual releases vs Bloomberg survey median). A positive reading of the Economic Surprise Index suggests that economic releases have on balance been beating consensus. The indices are calculated daily in a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481],"class_list":["post-23590","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/23590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=23590"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/23590\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=23590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=23590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=23590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}