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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 of more than a thousand consumers about the current state and future prospects of the economy. Values of the index greater than 100 indicate 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.
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.