The Conference Board Leading Economic Index® (LEI) for Australia Increased
The Conference Board Leading Economic Index®(LEI) for Australia increased 0.1 percent in May to 102.6 (2010=100).
The Conference Board Coincident Economic Index®(CEI) for Australia increased 0.3 percent in May to 111.3 (2010=100).
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The updated data tables can be found here.
The 2016 data release schedule is available here.
For more information about The Conference Board global business cycle indicators, click here.
About The Conference Board
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.
FOREX AUD= closed up 0.000 at 0.758. Volume was 41% below average (neutral) and Bollinger Bands were 21% narrower than normal.
Open High Low Close Volume___
0.757 0.761 0.757 0.758 53,558
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.76 0.74 0.73
Volatility: 14 15 15
Volume: 87,643 89,182 82,803
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX AUD= is currently 3.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into AUD= (mildly bullish). Our trend forecasting oscillators are currently bullish on AUD= and have had this outlook for the last 27 periods.
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