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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia CB Leading Index MoM climbed to 0.3% in March 2014
FMPMonthlyReleased April 2014
Australia CB Leading Index MoM climbed to 0.3% in March 2014, released April 2014, up 0.1% from February's 0.2% reading.
Latest Release
0.300000
Actual
—
Consensus
0.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CB Leading Index MoM (Australia) was reported at 0.3% in April 2014. The reading rose from the previous value of 0.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update April 2014.
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CB Leading Index MoM - AU
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About CB Leading Index MoM — Australia
DEFINITION
The CB Leading Index MoM is a monthly financial indicator that measures the overall economic health and potential future growth of a country. It is calculated by analyzing a variety of economic data, such as stock prices, consumer expectations, and interest rates, to provide insight into the direction of the economy. This index is often used by investors, policymakers, and businesses to make informed decisions and assess the current and future state of the economy. A positive change in the CB Leading Index MoM suggests potential economic expansion, while a negative change may indicate a slowdown.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2014): actual 0.3 %. Prior reading (Jan 2014): 0.2 %. Before that (Apr 2013): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.