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Invest Housing Finance (MoM)
This indicator shows the number of long-term credits for the construction of the dwelling houses. The increasing number of construction objects indicates the growth of consumer demand and business optimism, which in turn, confirms the growth of the housing market and the economy of the country in general.
In this article, we will talk about the economic calendar and determine what is better to rely on when making a decision to open deals: forecasts or previous values of indicators.
Today we will study the reaction of the foreign exchange market to the publication of revised values of economic indicators. And let's see if it's worth relying on them when making a decision to enter the market.
In the presented article, we will continue the study of trading on rollbacks on publications of economic indicators. And in the second part of the study, we will consider the events of Australia.