Euro Area Balance of Trade
Due to the substantial export of manufactured products such as machinery and vehicles, the Euro Area consistently posts trade surpluses. It is estimated that the Eurozone is a net importer of raw resources and energy. Germany, Italy, France, and the Netherlands are the countries with the biggest share of overall international trade in goods and services. The United Kingdom (12% of total exports and 10% of total imports) and the United States are the two most important trading partners for the company (13% of exports and 6% of imports).
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 |
|
|
1.0721 -58 pips |
1.0842 -63 pips |
1.07788 | |
| EURAUD |
|
|
1.6198 -56 pips |
1.6364 -110 pips |
1.62536 | |
| EURJPY |
|
|
160.3819 -527 pips |
165.3064 +35 pips |
165.654 | |
| EURCAD |
|
|
1.4643 -94 pips |
1.4740 -3 pips |
1.47369 | |
| EURCHF |
|
|
0.9594 -160 pips |
0.9812 -58 pips |
0.97542 | |
| EURCZK |
|
|
25.3748 +3976 pips |
0 +249772 pips |
24.97720 | |
| EURGBP |
|
|
0.8556 -11 pips |
0.8600 -33 pips |
0.85672 | |
| EURHUF |
|
|
383.9147 -522 pips |
390.8705 -173 pips |
389.14 | |
| EURNOK |
|
|
10.9870 -6776 pips |
0 +116646 pips |
11.6646 | |
| EURNZD |
|
|
1.7763 -131 pips |
1.7980 -86 pips |
1.78944 |
News (EUR)
Eurozone Sentix Investor Confidence Rises For 7 Straight Months
Eurozone investor confidence improved for the seventh straight month in May to hit the highest level since February 2022 as both current situation and expectations rose in small but steady steps, a closely watched survey showed on Monday. The investor confidence index posted -3.6 in May, the behavioral research institute Sentix reported. The score was forecast to improve moderately to -4.8.
RTTNews | 5h 25min ago
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months.
RTTNews | 3 days ago
European Economics Preview: Eurozone Jobless Data Due
Unemployment figures from the euro area and Spain, and the purchasing managers' survey results for the services sector from the U.K. are the highlights on the economics front on Friday. Eurozone jobless rate is expected to remain steady at 6.5 percent in March. Eurostat is set to release the data at 05:00 am ET.
RTTNews | 3 days ago
