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Core CPI (MoM)
Consumer Price Index is one of the price indices which indicate the average price change for goods and services for a certain period of the country’s economy. Traditionally it shows consumer inflation. Therefore, the rate and dynamics of consumer inflation is the main marker based on which the national regulator decides to tone down or toughen a monetary policy. For example, the national regulator takes measures aimed to increase the value of the national currency to prevent the spreading inflation process. These measures include the interest rate hike of the central bank and other steps aimed at monetary tightening. There are numerous subtypes of consumer price indices that are «purified» from the seasonal factors, expenses on fuel and other components. But not all published consumer price indices for each country have the same influence on the financial market. These indices should be distinguished according to the degree of importance.
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.
The first two parts of the study of trading on rollbacks have revealed the usefulness of such a strategy for a number of economic events in the US and Australia. Now let's see if trading on rollbacks is suitable for Eurozone events.