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I would agree. I keep GDP, CPI, PPI, the All-Commodity Index and non-
farm payrolls in an Excel spreadsheet. The most-recent couple of
periods for the data are almost always "preliminary" and there are
major revisions on occasion. I set up Excel charts for these series,
which works just fine.
As to the predictive quality of economic data, if professional
economists can't pull accurate forecasts out of it I don't know how
we can.:) I just keep the data so that when the headlines
scream "U.S. GDP highest since ...." or "Job growth greatest
since ...", I can see the recent numbers in context so I have a
better handle on what's actually going on.
Luck,
Sebastian
--- In equismetastock@xxxxxxxxxxxxxxx, "MS" <marketstudent@xxxx>
wrote:
>
>
> > The key to making this really interesting would be in one-click
(or
> > automatic) updating.
>
> I don't really want to dampen the enthusiasm for MG's
> proposed scheme but if I were you I would consider a few things.
>
> * How many data series are you interested in? 3-5? Based on
monthly
> release schedules this is hardly an insurmountable data entry
task.
> As for getting the initial series into MS format that is incredibly
> easy using the downloader and the convert function. Check it out.
>
> * Prior period revisions are a common feature of economic
releases.
> Sometimes substantial parts or even the entire series is
recalculated
> based on new - but alas not always improved - methodologies. Given
> this situation I would be very cheery of automatic `black
> box' solutions.
>
> * What is your specific interest in looking at this stuff? Are you
> trying to find post release correlations with market action (which
I
> personally believe is pretty much a waste of time) or are you
trying
> to do LT TA/trend analysis? If it is the former, you may want
> *incorrect* data.
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
> <andrew_tomlinson@xxxx> wrote:
> >
> > MG
> >
> > The key to making this really interesting would be in one-click
(or
> > automatic) updating. Economagic has self-updating Excel files for
> some
> > series but you still have to go through linking that with
> Metastock. The
> > amazing thing to me is that data providers who already have the
> data (e.g.
> > Reuters) don't offer it as part of their retail packages. But
then
> this is
> > the company that shut themselves out of the futures market by not
> offering
> > adjusted continuous contracts, so maybe not such a surprise.
> >
> > Andrew
> >
> > -----Original Message-----
> > From: MG Ferreira [mailto:quant@x...]
> > Sent: Monday, March 07, 2005 1:10 AM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] Re: Economic Data for Metastock
> >
> >
> >
> >
> > Hi Andrew,
> >
> > We update our internal database on a weekly basis with this data
> from the
> > Fed. We have developed all manner of scripts to import the data
> into our
> > database, and use our own tools to view and manipulate it. But
if
> there is
> > sufficient interest, we could also develop scripts to export this
> Fred stuff
> > to MS format, taking care of the quarterly problems etc, and
upload
> it to
> > our website where you can access it. We also regularly import
lots
> of stuff
> > from South African vendors, if there is any interest in that. We
> are
> > working on some java code that read/write stuff in MS format,
> pretty similar
> > I guess to mansoors' utilities, which we probably will use in the
> interim.
> >
> > Regards
> > MG Ferreira
> > TsaTsa EOD Programmer and trading model builder
> > http://tsatsaeod.ferra4models.com http://www.ferra4models.com
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "MS" <marketstudent@xxxx>
> wrote:
> > >
> > >
> > > > What is the most efficient way of getting economic data into
> > > Metastock?
> > >
> > > The best site I have found for US economic data is the St.
Louis
> Fed
> > > database, which also has a number of interesting market price
> series
> > > like various bond yields available for download in .csv format.
> > >
> > > Check them out here: http://research.stlouisfed.org/fred2/
> > >
> > > One problem, however, is that some of the more interesting
series
> > > like GDP are compiled on a quarterly basis which means you will
> need
> > > to do some creative spreadsheet work to get them into a monthly
> MS
> > > file format.
> > >
> > > If you want more history than the Fred database provides then
the
> > > Economagic site is also usually worth taking a look at:
> > > http://www.economagic.com/
> > >
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
> > > <andrew_tomlinson@xxxx> wrote:
> > > >
> > > > What is the most efficient way of getting economic data into
> > > Metastock? I am
> > > > thinking of the common US and global economic statistics that
> move
> > > markets,
> > > > like the monthly non-farm payroll numbers, etc. Most of the
> series
> > > can be
> > > > found in one form or another on the official websites (e.g.
the
> > > BLS) but the
> > > > formats are not always friendly. I don't mind paying a small
> > > monthly amount
> > > > if I could get it cleanly and efficiently into Metastock
format.
> > > >
> > > > Thanks for your thoughts
> > > > Andrew
> >
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
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