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Cyprus Balance of Trade
Since Cyprus is unable to produce enough food and fuel on its own, trade has played a crucial role in the island nation's recent economic success. Consequently, fuels, raw materials, heavy machinery, and transportation equipment are all imported at a net positive rate into Cyprus. Cyprus is mostly known for exporting citrus fruits, cement, potatoes, textiles, and pharmaceuticals. T the European Union, which accounts for 50% of all Cypriot trade flows is Cyprus' largest and most important commercial partner, followed by the Middle East, which receives 20% of Cyprus' exports, is the country's second most important trading partner. Due to their historical ties, the United Kingdom and Greece account for the highest percentage of trade within the European Union. Recent discoveries of offshore gas will almost certainly reduce Cyprus' reliance on imported energy and result in a shift in the structure of the country's exports.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1000 -323 pips |
1.1300 +23 pips |
1.13234 | |
| EURAUD |
|
|
1.7061 -517 pips |
1.7790 -212 pips |
1.75779 | |
| EURJPY |
|
|
155.6040 -730 pips |
163.9469 -104 pips |
162.908 | |
| EURCAD |
|
|
1.5363 -372 pips |
1.5651 +84 pips |
1.57347 | |
| EURCHF |
|
|
0.9373 +51 pips |
0.9493 -171 pips |
0.93216 | |
| EURCZK |
|
|
0 -248947 pips |
24.9760 -813 pips |
24.89470 | |
| EURGBP |
|
|
0.8401 -34 pips |
0.8482 -47 pips |
0.84345 | |
| EURHUF |
|
|
396.1475 -576 pips |
405.3240 -341 pips |
401.91 | |
| EURNOK |
|
|
9.8750 -16873 pips |
11.5748 -125 pips |
11.5623 | |
| EURNZD |
|
|
1.8550 -515 pips |
1.9155 -90 pips |
1.90646 |
News (EUR)
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU
Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
RTTNews | 1 day ago
Eurozone Trade Surplus Surges On Exports To US
The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | 4 days ago
Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves
Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.
RTTNews | 5 days ago
