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In the Euro Area, the Labour Cost Index provides a short-term indication of the development of hourly labor costs experienced by employers in nominal terms, that is, without taking into account price developments. It is computed by dividing the cost of labor in national currency by the number of hours worked in that currency. In order to measure quarterly variations in hourly employers' expenses, total labor costs and their primary components: wages and salaries; and nonwage expenditures are taken into consideration (labor costs other than wages and salaries). Wage and non-wage expenditures, as well as subsidies, are included in total labor costs (TOT). However, they do not cover expenditures for occupational training or other expenses such as recruitment charges, expenditures for working attire, and so on.

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.

Source: EUROSTAT
Category:  Labour Costs
Units: Percent
Details
Impact Low
Country transparent
Currency EUR
Latest Release
Previous 1.3%
Consensus 3.8%
Actual -0.1%
Next Release
Date Dec 16, 08:00
Time left 86 days

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
1.1602
-128 pips
1.1817
-87 pips
1.17302
Symbol Action Percentage Volume Positions
EURUSD Short 29% 8695.47 lots 25523
Long 71% 21248.63 lots 47995
38% of traders are currently trading EURUSD.
EURAUD
1.5971
-185 pips
1.6261
-105 pips
1.6156
Symbol Action Percentage Volume Positions
EURAUD Short 56% 600.32 lots 2582
Long 44% 462.49 lots 2018
5% of traders are currently trading EURAUD.
EURJPY
126.0901
-245 pips
129.2519
-71 pips
128.538
Symbol Action Percentage Volume Positions
EURJPY Short 32% 2753.59 lots 6942
Long 68% 5946.97 lots 14747
13% of traders are currently trading EURJPY.
EURCAD
1.4926
-75 pips
1.5110
-109 pips
1.50005
Symbol Action Percentage Volume Positions
EURCAD Short 62% 812.87 lots 3188
Long 38% 498.74 lots 1870
4% of traders are currently trading EURCAD.
EURCHF
1.0833
-50 pips
1.0935
-52 pips
1.0883
Symbol Action Percentage Volume Positions
EURCHF Short 58% 1513.25 lots 4678
Long 42% 1105.49 lots 3796
6% of traders are currently trading EURCHF.
EURCZK
0
-254491 pips
25.4914
-423 pips
25.4491
Symbol Action Percentage Volume Positions
EURCZK Short 0% 0.00 lots 0
Long 100% 0.12 lots 8
0% of traders are currently trading EURCZK.
EURGBP
0.8548
-36 pips
0.8678
-94 pips
0.85844
Symbol Action Percentage Volume Positions
EURGBP Short 46% 1556.06 lots 8585
Long 54% 1838.46 lots 7387
10% of traders are currently trading EURGBP.
EURHUF
337.2600
-1652 pips
355.9591
-218 pips
353.778
Symbol Action Percentage Volume Positions
EURHUF Short 1% 0.06 lots 6
Long 99% 7.01 lots 11
0% of traders are currently trading EURHUF.
EURNOK
9.7895
-4069 pips
10.2779
-815 pips
10.19643
Symbol Action Percentage Volume Positions
EURNOK Short 56% 0.65 lots 18
Long 44% 0.51 lots 8
0% of traders are currently trading EURNOK.
EURNZD
1.6667
-44 pips
1.6838
-127 pips
1.67114
Symbol Action Percentage Volume Positions
EURNZD Short 30% 228.45 lots 1086
Long 70% 524.46 lots 2700
3% of traders are currently trading EURNZD.