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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Cons. Conf. Change fell to -3.0% in January 2014
FMPMonthlyReleased February 2014
Australia Westpac Cons. Conf. Change fell to -3.0% in January 2014, released February 2014, down 1.3% from December's -1.7% reading.
Latest Release
-3.000000
Actual
—
Consensus
-1.700000
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
Westpac Cons. Conf. Change (Australia) was reported at -3% in February 2014. The reading fell from the previous value of -1.7%. This is classified as a high-impact indicator released on a monthly basis.
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 February 2014.
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Westpac Cons. Conf. Change - AU
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About Westpac Cons. Conf. Change — Australia
DEFINITION
The Westpac Consumer Confidence Change is a key financial indicator that measures the level of optimism or pessimism among consumers in regards to the current and future state of the economy. This indicator is based on a survey conducted by Westpac, one of Australia's largest banks, and provides valuable insights into consumer spending and economic trends. A positive change in consumer confidence can indicate potential growth in the economy, while a negative change may signal a decline. As such, the Westpac Consumer Confidence Change is closely monitored by investors, businesses, and policymakers to make informed decisions and predictions about the overall health of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2014): actual -3 %.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.