CB comes from Conference Board and the indicator shows the change in the level of a discussion index based on other seven different indicators related to money supply, profits, building approvals, etc.
It is a second tier data and low volatility levels are expected.
The most important things to take into consideration when looking at the CB Leading Index in Australia are the following:
- release date: monthly, about 55 days after the month ends;
- release time: 00:00 GMT during the Asian trading session;
- second tier data;
- low levels of volatility expected.