Ecuador Balance of Trade
58% of the total goes for oil exports in Ecuador's which the economy heavily relies on. Additionally, fish, shrimp, and bananas are exported. Raw materials for industry (which account for 25% of total imports), capital goods for industry (19%), fuels and lubricants (17%), and consumer durables (13%) are the primary imports to the country. The United States is Ecuador's major trading partner (45% of total exports and 27% of imports). Chile, China, Peru, Colombia, and Panama are also among the other commercial partners.
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Forex Sentiment (USD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0693 -37 pips |
1.0824 -94 pips |
1.07298 | |
| GBPUSD |
|
|
1.2438 -76 pips |
1.2627 -113 pips |
1.25145 | |
| USDJPY |
|
|
150.0405 -680 pips |
152.9143 +392 pips |
156.839 | |
| USDCAD |
|
|
1.3539 -116 pips |
1.3694 -39 pips |
1.36553 | |
| AUDUSD |
|
|
0.6480 -54 pips |
0.6595 -61 pips |
0.65336 | |
| NZDUSD |
|
|
0.5948 -0 pips |
0.6085 -137 pips |
0.59481 | |
| USDCHF |
|
|
0.8944 -179 pips |
0.9171 -48 pips |
0.91226 | |
| USDCZK |
|
|
23.4856 +701 pips |
23.5429 -1274 pips |
23.41550 | |
| USDHUF |
|
|
361.5014 -394 pips |
368.2233 -278 pips |
365.44 | |
| USDMXN |
|
|
16.9905 -2409 pips |
18.9027 -16713 pips |
17.2314 |
News (USD)
U.S. Pending Home Sales Surge 3.4% In March, Much More Than Expected
Pending home sales in the U.S. surged by much more than expected in the month of March, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index spiked by 3.4 percent to 78.2 in March after jumping by 1.6 percent to 75.6 in February. Economists had expected pending home sales to rise by just 0.3 percent.
RTTNews | 1 day ago
U.S. Pending Home Sales Surge Much More Than Expected In March
Pending home sales in the U.S. surged by much more than expected in the month of March, according to a report released by the National Association of Realtors on Thursday.
RTTNews | 1 day ago
U.S. Economic Growth Slows Much More Than Expected In Q1
A report released by the Commerce Department on Thursday showed the U.S. economy grew by much less than expected in the first quarter of 2024. The Commerce Department said gross domestic product increased by 1.6 percent in the first quarter after surging by 3.4 percent in the fourth quarter of 2023. Economists had expected GDP to jump by 2.5 percent.
RTTNews | 1 day ago
