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GfK Consumer Confidence
The presented indicator reflects the level of consumer confidence in the country's economy measured by a household survey. 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 trading on rollbacks have shown the usefulness of such a strategy for a number of economic events in the US, Australia and the Eurozone. Now let's see if trading on rollbacks is suitable for UK events.