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AUD/USD Daily Forecast – 22 August

Monday, Aug 21 2017
AUD/USD Daily Forecast – 22 August

Yesterday, from Australia, only CB Leading Index figures were released. The Conference Board Leading Economic Index (LEI) for Australia increased 0.5 percent in June 2017 to 110.6 (2010=100). The Conference Board Coincident Economic Index (CEI) for Australia increased 0.3 percent in June 2017 to 112.0 (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.

 

There will be no major data releases both from Australia and USA tomorrow, so we can expect a bit steadier session.

Last modified on Monday, 21 August 2017
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