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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Reteurs Econometer fell to 256.39 in April 2013
FMPMonthlyReleased May 2013
South Africa Reteurs Econometer fell to 256.39 in April 2013, released May 2013, down 2.5 from March's 258.89 reading.
Latest Release
256.390000
Actual
—
Consensus
258.890000
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 |
|---|---|---|---|---|---|
| USD/ZAR | ▼ Inverse | −0.50 | FOREX | Bullish ZAR | → View |
| EUR/ZAR | ▼ Inverse | −0.40 | FOREX | Bullish ZAR | → View |
| XAU/USD | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Reteurs Econometer (South Africa) was reported at 256.39 in May 2013. The reading fell from the previous value of 258.89.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/ZAR (Bullish ZAR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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Reteurs Econometer - ZA
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About Reteurs Econometer — South Africa
DEFINITION
The Reuters Econometer is a widely recognized financial indicator that measures the overall health and performance of the global economy. It utilizes a comprehensive set of economic data and expert analysis to provide a reliable and accurate assessment of economic trends and potential risks. This indicator is used by investors, businesses, and policymakers to make informed decisions and stay ahead of market fluctuations. With its reputation for accuracy and timeliness, the Reuters Econometer is a valuable tool for navigating the complex world of finance.
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 (May 2013): actual 256.4.
WHAT'S NEXT
This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.