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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Commodity Index SDR YoY held to -8.0% in March 2013
FMPMonthlyReleased April 2013
Australia RBA Commodity Index SDR YoY held to -8.0% in March 2013, released April 2013.
Latest Release
-8.000000
Actual
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Consensus
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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
RBA Commodity Index SDR YoY (Australia) was reported at -8% in April 2013.
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 2013.
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RBA Commodity Index SDR YoY - AU
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About RBA Commodity Index SDR YoY — Australia
DEFINITION
The RBA Commodity Index SDR YoY is a financial indicator that measures the year-over-year change in the value of a basket of commodities, as denominated in Special Drawing Rights (SDR). This index is published by the Reserve Bank of Australia and provides valuable insights into the overall performance and trends of global commodity markets. It is widely used by investors, economists, and policymakers to assess the health of the global economy and make informed decisions related to commodity investments.
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 (Apr 2013): actual -8 %.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.