Cyprus GDP Growth Rate YoY
In Cyprus, tourism, financial services, and real estate accounting for about 80% of the GDP are regarded to be the foundation of the country's economy. Agriculture accounts for only 2% of the total, with industry accounting for 10%. When it comes to spending, household consumption is the most important component of GDP, accounting for 70% of total use. This is followed by government expenditure (16%) and gross fixed capital formation (11%). 55% of the GDP is accounted for exports of goods and services, while imports account for 53% of GDP, contributing 2% to the overall 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 |
|
|
1.1245 -418 pips |
1.1602 +61 pips |
1.16626 | |
| EURAUD |
|
|
1.7118 -722 pips |
1.7942 -102 pips |
1.78403 | |
| EURJPY |
|
|
163.9999 -740 pips |
170.8464 +55 pips |
171.399 | |
| EURCAD |
|
|
1.5568 -473 pips |
1.6090 -49 pips |
1.60410 | |
| EURCHF |
|
|
0.9352 -8 pips |
0.9483 -123 pips |
0.93599 | |
| EURCZK |
|
|
24.5218 -39 pips |
0 +245257 pips |
24.52574 | |
| EURGBP |
|
|
0.8551 -90 pips |
0.8648 -7 pips |
0.86407 | |
| EURHUF |
|
|
395.9733 -59 pips |
405.0881 -852 pips |
396.57 | |
| EURNOK |
|
|
10.6220 -11322 pips |
11.7629 -87 pips |
11.7542 | |
| EURNZD |
|
|
1.9083 -719 pips |
1.9833 -31 pips |
1.98019 |
News (EUR)
Eurozone Economic Confidence Weakens In August
Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 14h 58min ago
German GfK Consumer Confidence To Fall Further
German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
RTTNews | 1 day ago
French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
RTTNews | 2 days ago
