2. Roal how it ends Flashcards
What is ISM
The ISM Manufacturing Index is a widely-watched indicator of recent U.S. economic activity. … Based on a survey of purchasing managers at more than 300 manufacturing firms by the Institute for Supply Management (ISM), the index monitors changes in production levels from month to month
what is pmi index
Purchasing Managers’ Indexes are economic indicators derived from monthly surveys of private sector companies
what is dxy
The U.S. Dollar Index is an index of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners’ currencies. The Index goes up when the U.S. dollar gains “strength” when compared to other currencies.
Euro (EUR), 57.6% weight Japanese yen (JPY) 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight Swiss franc (CHF) 3.6% weight
what is fungible
In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of its parts is indistinguishable from another part.
what is credit spread
A credit spread is the difference in yield between two bonds of similar maturity but different credit quality. … Widening credit spreads indicate growing concern about the ability of corporate (and other private) borrowers to service their debt. Narrowing credit spreads indicate improving private creditworthiness
What is CDX
What Is the Credit Default Swap Index (CDX)?
The credit default swap index (CDX)—formerly the Dow Jones CDX—is a benchmark financial instrument made up of credit default swaps (CDS) that have been issued by North American or emerging markets companies. The CDX was the first CDS index, which was created in 2002 and was based on a basket of single issuer CDSs.
what is reuters commodity index
It currently is made up of 19 commodities as quoted on the NYMEX, CBOT, LME, CME and COMEX exchanges. These are sorted into 4 groups, each with different weightings. These groups are:
Petroleum based products (based on their importance to global trade, always make up 33% of the weightings)
Liquid assets
Highly liquid assets
Diverse commodities.
The index comprises 19 commodities: aluminum, cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, Lean Hogs, live cattle, natural gas, nickel, orange juice, silver, soybeans, sugar, unleaded gas and wheat.
what are real yeilds
the real yield is the nominal yield of a bond minus the rate of inflation. If a bond yields 5% and inflation is running at 2%, the real yield is 3%. Real Yield = Nominal Yield - Inflation.
what is adxy
The ADXY is a spot index of emerging Asia’s most actively traded currency pairs valued against the U.S. dollar.
