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Building Consents (MoM)
The indicator reflects changes in the number of obtained Building Permits for new buildings issued by the national Government. Building Permits issued by regulatory authorities are the important indicator in the real estate market which is taken into account by many analysts and investors.
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 six countries. Let's see if trading on rollbacks is suitable for New Zealand events.