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 |
|
|
1.1281 -403 pips |
1.1583 +101 pips |
1.16840 | |
| EURAUD |
|
|
1.7163 -695 pips |
1.7958 -100 pips |
1.78577 | |
| EURJPY |
|
|
164.6923 -705 pips |
170.6107 +113 pips |
171.739 | |
| EURCAD |
|
|
1.5588 -463 pips |
1.6096 -45 pips |
1.60508 | |
| EURCHF |
|
|
0.9351 +3 pips |
0.9478 -130 pips |
0.93478 | |
| EURCZK |
|
|
24.5218 +960 pips |
0 +244258 pips |
24.42580 | |
| EURGBP |
|
|
0.8570 -73 pips |
0.8658 -15 pips |
0.86434 | |
| EURHUF |
|
|
395.9733 +66 pips |
405.0881 -977 pips |
395.32 | |
| EURNOK |
|
|
10.6220 -11223 pips |
11.7581 -138 pips |
11.7443 | |
| EURNZD |
|
|
1.9089 -708 pips |
1.9834 -37 pips |
1.97973 |
News (EUR)
German Inflation Accelerates To 2.2% In August
Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1 day ago
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1 day ago
French Inflation Cools; Economy Expands As Estimated
France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
RTTNews | 1 day ago
