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Labor Cost Index (YoY)
The labor cost indicator presented measures labor costs for companies and the government by calculating the change in labor compensation paid by companies over a given period of time. It does not take into account overtime pay. The indicator is ahead of inflation in the consumption sector.
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.