2/8/2016

SpikeCharts

 

Historical economic data and Forex charts.

SpikeCharts is a macroeconomic news analytics tool which provides historical Forex market data in the form of charts snapshots based around market moving economic news announcements.

To begin investigating an economic news story, you simply need to input your indicator into the search bar and the tool will retrieve all relevant indicators as you type.

 

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Image: A search for cash rate data.

Once you have found your indicator, you can drill down the data through three tabs: Actual/Forecast, Spike Range/Release, and Spike Range/Pair.

The Actual/Forecast chart displays the actual (green line) and forecast (blue line) figures for each component of the economic indicator. The deviation number, which is the difference between the actual and forecast, is displayed with the red and blue color bars. The deviation number is particularly interesting for journalists investigating the news because it signifies the market surprise - the bigger the deviation the more violent the market reaction.

 

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Image: The Actual/Forecast chart deviation on 3 March 2015.

The Spike Range/Release chart displays how much a pair moved on the M1, M5, M15 and M30 time frames on each new announcement and the Spike Range/Pair chart displays how much a group of pairs moved on the M1, M5, M15 and M30 time frames. The Spike Range/Release tab is useful to get a quick overview of all the news announcements for each pair of indicators, whereas the Range/Pair tab can help benchmark between pairs of the same group.

As well as these sliding charts, interactive side by side event charts are available for every news announcement, along with a table providing all the relevant economic data.

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Image: comparison of the USD/AUD and EUR/AUD cash rates on 5 July 2016.

For journalists who are not interested in a particular economic announcement, SpikeCharts also provides a sidebar of all the latest economic indicator releases, which can be filtered based on weekly and regional releases or keyword searched.

 

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Image: The This Week tab for 1 August 2016.

The free version of SpikeCharts offers multiple time-frame charts of more than 30 Forex pairs, as well as selected economic indicators. There is also a subscription version that provides unlimited access to economic data.

Visit the SpikeCharts webpage here.

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