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Cyprus GDP Growth Rate QoQ
Cyprus's economy is based on tourism, financial services, and real estate are among the services accounting for over 80% of total GDP. When it comes to expenditures, household consumption is the most important component of GDP, accounting for 70% of total usage. This is followed by government expenditure (16%) and gross fixed capital formation (11%). Trade-in products and services account for 55% of GDP, while imports account for 53% of GDP and contribute 2% to total GDP.
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 |
|
|
1.1009 -414 pips |
1.1541 -118 pips |
1.14227 | |
| EURAUD |
|
|
1.7120 -648 pips |
1.7863 -95 pips |
1.77680 | |
| EURJPY |
|
|
166.2962 -560 pips |
170.7350 +116 pips |
171.898 | |
| EURCAD |
|
|
1.5448 -395 pips |
1.5916 -73 pips |
1.58430 | |
| EURCHF |
|
|
0.9328 +33 pips |
0.9426 -131 pips |
0.92953 | |
| EURCZK |
|
|
24.6542 +939 pips |
0 +245603 pips |
24.56031 | |
| EURGBP |
|
|
0.8554 -99 pips |
0.8665 -12 pips |
0.86534 | |
| EURHUF |
|
|
397.4508 -210 pips |
405.3578 -581 pips |
399.55 | |
| EURNOK |
|
|
10.8444 -9593 pips |
11.8361 -324 pips |
11.8037 | |
| EURNZD |
|
|
1.8778 -685 pips |
1.9429 +34 pips |
1.94626 |
News (EUR)
German Unemployment Rises In July
Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 18h 2min ago
Eurozone Jobless Rate Unchanged At 6.2%
The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 19h 47min ago
Eurozone Economy Fares Better Than Expected In Q2
The euro area economy logged better-than-expected growth in the second quarter but the pace of expansion slowed markedly as the first quarter performance was inflated after U.S. importers frontloaded their orders to reduce the cost burden of higher tariffs. Gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter, preliminary flash estimate from Eurostat.
RTTNews | 1 day ago
