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CB Leading Index for Australia increased by 0.1%

Monday, Aug 22 2016

The Conference Board Leading Economic Indeks (LEI) for Australia increased 0.1 percent in June to 102.6 (2010=100). The Conference Board Coincident Economic Indeks (CEI) for Australia increased 0.2 percent in June 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.

 

Aussie is currently being traded around 0.7620 level. Pair is likely to find support around 0.7580 area and resistance above 0.7650 handle.

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