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SECO Consumer Climate
The presented indicator reflects the level of consumer confidence in the country's economy measured by a survey conducted among more that 1000 households. Values greater than zero indicate optimistic sentiment of households, while those less than zero show pessimistic sentiment. The index is a leading indicator of consumer spending.
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.
Previous studies of rollback trading have revealed the usefulness of this strategy for a number of economic events in four countries. Let's see if trading on rollbacks is suitable for Swiss events.