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Westpac Consumer Sentiment
The Consumer Sentiment is a leading index that assesses the level of consumer confidence in the country's economy. It is calculated on the basis of a survey conducted among more than 1,000 consumers about the current state and prospects of the economy. The growth of the index indicates an economic recovery.
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.